Railways PYQCBT 1 2016

RRB NTPC · Question 24

Calculate the simple interest if Rs. 1800 is invested for 10 years at a rate of 5% per annum. A. Rs. 900 B. Rs. 450 C. Rs. 1800 D. Rs. 2700

  1. A

  2. B

  3. C

  4. D

Show answer & explanation

Answer: (A) A

Explanation

SI = P × R × T/100 = 1800 × 5 × 10/100 = Rs 900.