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Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-14

  • question_answer
    What would be the simple interest obtained on an amount of Rs. 11,975 at the rate of 8 p.c.p.a after 7 years?

    A)  Rs. 4704                      

    B)  Rs. 5705

    C)  Rs. 6706          

    D)       Rs. 7707

    Correct Answer: C

    Solution :

      \[S.I.=\frac{P\,\,\,\,\,R\,\,\,\,T}{100}\]      \[=\frac{11975\,\,\,\,8\,\,\,\,\,7}{100}\]      = Rs. 6706


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