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Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-15

  • question_answer
    The interest earned on Rs. 15000 in 3 yr simple interest is Rs. 5400. Find the rate interest per annum.

    A) 11.5%              

    B) 12%

    C) 12.6%              

    D) 15%

    E) 18%

    Correct Answer: B

    Solution :

    P = Rs. 15000, Time(t) = 3yr
    Simple interest (SI) = Rs. 5400,    Rate (r) =?
    From the formula,
    \[SI=\frac{P\times r\times t}{100}\]\[\Rightarrow \]\[5400=\frac{15000\times r\times 3}{100}\]
    Rate of interest, r = 12%


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