What would be the simple interest on a sum of Rs. 2018 for 3 years term at 14% p.a. interest rate?

M4maths Previous Puzzles

16 Mar 2018 Simple Interest

What would be the simple interest on a sum of Rs. 2018 for 3 years term at 14% p.a. interest rate?

OPtion

1) 2265.56
2) 2065.56
3) 2365.56
4) 2860.56
5) 2865.56
6) 2815.56
7) 0847.56
8) 2885.56
9) 2845.56
10) None of these

Solution

SI = PRT/100
=> 2018*3*14/100 = 847.56

Option 7)

Correct Option: 7 Best Solution (0)