The simple interest on ₹73,000 at the rate of 15% per annum from 12-02-2022 to 11-02-2023 is :

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  1. ₹13,450
  2. ₹12,050
  3. ₹ 10,950
  4. ₹14,750

Answer (Detailed Solution Below)

Option 3 : ₹ 10,950
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UP Police Constable हिंदी (मॉक टेस्ट)
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Detailed Solution

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Given:

Principal (P) = ₹73,000

Rate (R) = 15% per annum

Time (T) = 1 year (from 12-02-2022 to 11-02-2023)

Formula used:

Simple Interest (SI) = 

Calculation:

SI = 

⇒ SI = 

⇒ SI = ₹10,950

∴ The correct answer is option 3.

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