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  1. What would be the simple interest accrued in 4 years on a pricipal of Rs.16,500 at the rate of 16 p.c.p.a?
    2. A.

    Rs. 11, 560
    B.

    Rs. 10, 250
    C.

    Rs. 12, 500
    D.

    Rs. 9, 980
    E.

    None of these

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    Answer : Option E

    Explanation :

    S.I = (Principal * Time * Rate)/100

    = 16500*4*16/100

    =Rs. 10560

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