Simple & Compound Interest · Question 16 · Easy
What is the simple interest on ₹7,500 at 6% per annum for 4 years?
- ₹1,800
- ₹1,600
- ₹2,250
- ₹1,950
Answer and explanation
Answer: A. ₹1,800
Explanation: SI = P × R × T/100 = 7500 × 6 × 4/100 = ₹1,800.
Previous: Suresh borrows ₹4,200 at 10% per annum compound interest and repays it in 2… · Next: The simple interest on a sum for 5 years at 9% per annum is ₹2,700. What is…
Practise simple & compound interest
Try a fresh set of simple & compound interest questions with an explanation after every answer, free and without signing up: Simple & Compound Interest practice. Or sit a full placement mock test.
More simple & compound interest questions
- A sum of money placed at compound interest doubles itself in 5 years. In how…
- The compound interest on a sum for 2 years at 10% per annum is ₹525. What is…
- Suresh borrows ₹4,200 at 10% per annum compound interest and repays it in 2…
- The simple interest on a sum for 5 years at 9% per annum is ₹2,700. What is…
- ₹12,000 amounts to ₹15,600 in 3 years at simple interest. What is the rate of…
- What is the compound interest on ₹5,000 at 20% per annum for 2 years…
- In how many years will ₹4,500 earn a simple interest of ₹1,215 at 6% per annum?
- What amount will ₹20,000 grow to in 3 years at 10% per annum compound…
- Find the compound interest on ₹40,000 for 6 months at 8% per annum, compounded…
- A sum of money at simple interest amounts to ₹9,200 in 2 years and to ₹10,400…
More quantitative aptitude practice
Ratio & Proportion · Averages · Problems on Ages · Mixtures & Alligation · Time & Work · Pipes & Cisterns · Time, Speed & Distance · Problems on Trains
LogicWiz Exams home · All practice topics · Placement mock tests · Daily 10 challenge