SSC CGL – Combined Graduate Level Examination · Question 61
If the compound interest on a sum at 14⅔% per annum for 3 years is ₹1,680, find the simple interest for the same period and rate.
Show answer & explanation
Answer: (B) ₹1,456
Explanation
(1 + 11/75)³ − 1 ≈ 0.5077, so P ≈ 3,309; SI = 3,309 × 0.44 ≈ ₹1,456.