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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-1

  • question_answer
    Kriya deposits an amount of Rs. 65,800 to obtain a simple interest at the rate of 14 p.c.p.a. for 4 years. What total amount will Kriya get at the end of 4 years?

    A)  Rs. 1,02,648                

    B)  Rs. 1,15,246

    C)  Rs. 1,25,578                

    D)  Rs. 1,10,324

    E)  None of these

    Correct Answer: A

    Solution :

     \[SI=\frac{P\times R\times T}{100}\] \[=Rs.\,\left( \frac{65800\times 14\times 4}{100} \right)\] \[=Rs.\,368.48\] \[\therefore \] Amount = Principal + SI = Rs. (65800 + 36848) =Rs.102648


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