Quantitative Aptitude • Simple & Compound InterestEasy
What is the simple interest on ₹6,500 at 12% per year for 6 years?
A. ₹4,680✓ Correct Answer
B. ₹5,460
C. ₹11,180
D. ₹780
💡 Solution & Explanation
Simple interest = principal × rate × time ÷ 100 = 6,500 × 12 × 6 ÷ 100 = ₹4,680. The interest is the same every year (₹780 per year). The total amount after 6 years would be ₹11,180, but the question asks only for the interest.
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