Join WhatsApp Icon CAT WhatsApp Group
Question 147

Simple Interest accrued on an amount in eight years @11 p.c.p.a. is Rs 57,200. What was the principal amount ?

SI = PRT/100 = 57200

P * 11 * 8 / 100 = 57200

P = 57200*100/88 = 65000

Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free