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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-2

  • question_answer
    What would be the simple interest obtained on an amount of Rs. 4,540 at the rate of 8 p.c.p.a. after 8 years?

    A)  Rs.2890.8                    

    B)  Rs.2905.6

    C)  Rs.2825.4                    

    D)  Rs.2748.2

    E)  None of these

    Correct Answer: B

    Solution :

     \[\text{S}\text{.I}\text{.=Rs}\text{.}\left( \frac{4540\times 8\times 8}{100} \right)=Rs.\,\,2905.6\frac{n!}{r!\left( n-r \right)!}\]


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