What is the simple interest on ₹16,500 at 8% per annum for 6 years?

Simple Interest · Quantitative Aptitude · Easy · Practice for SSC CGL Tier 1

What is the simple interest on ₹16,500 at 8% per annum for 6 years?

  1. ₹7,128
  2. ₹7,920
  3. ₹11,088
  4. ₹5,544
Answer and solution

Correct answer: B) ₹7,920

SI = P × R × T / 100 = 16,500 × 8 × 6 / 100 = ₹7,920.

Learn the method: Simple Interest rules and worked examples · SSC CGL Tier 1 Quantitative Aptitude

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