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Bank PO / Clerk / RBI

PO, Clerk, RRB — Quantitative, Reasoning, GK

141 Q 3 Topics Take Test
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Difficulty: All Easy Medium Hard 141–141 of 141
Topics in Bank PO / Clerk / RBI
Q.141 Easy
If a bank offers 8% per annum simple interest on a savings account, what will be the total interest earned on ₹50,000 after 3 years?
A ₹12,000
B ₹15,000
C ₹18,000
D ₹20,000
Correct Answer:  A. ₹12,000
EXPLANATION

SI = (P × R × T)/100 = (50,000 × 8 × 3)/100 = ₹12,000

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