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Simple Interest · UPSC CDS/OTA · Question 21 of 32

Simple Interest: If the simple interest on ₹7600 for 3 years 2 months is ₹1824, find the rate per annum.

Step-by-step solution. Simple Interest for UPSC CDS/OTA.

Topic
Simple Interest
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · Simple InterestDifficult · 45s

If the simple interest on ₹7600 for 3 years 2 months is ₹1824, find the rate per annum.

TopicSimple Interest
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

T = 3 + 2/12 = 3.1667 years; R = (1824×100)/(7600×3.1667) ≈ 7.6%.

Final Answer: Option B - 7.6%
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If the simple interest on ₹7600 for 3 years 2 months is… - Simple Interest (Mathematics) Solved Question