Calculate the simple interest earned on a principal of ₹ 49,000 at an annual interest rate of 11\% over a period of 3 years. - Quantitative Aptitude MCQ Practice Test 2026 | ExamTest.live

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Calculate the simple interest earned on a principal of ₹ 49, 000 at an annual interest rate of 11% over a period of 3 years.

Solution & Step-by-step Explanation

Given values: Principal (P) = ₹ 49, 000 Rate of Interest (R) = 11% per annum Time (T) = 3 years Formula for Simple Interest (SI): SI = \frac{P \times R \times T}{100} SI = \frac{49000 \times 11 \times 3}{100} SI = 490 \times 33 SI = 16170 Thus, the simple interest earned is ₹ 16, 170 .

Try it yourself before checking the explanation above.

Calculate the simple interest earned on a principal of ₹ 49, 000 at an annual interest rate of 11% over a period of 3 years.

₹ 16, 170

₹ 39, 000

₹ 11, 700

₹ 53, 900

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