What would be the simple interest obtained on an amount of ₹ 5760 at the rate of 6 p.c.p.a. after 3 years.?
Aptitude
Simple Interest
Difficulty: Easy
Choose an option
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A₹ 1036.80
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B₹ 1063.80
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C₹ 1336.80
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D₹ 1666.80
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ENone of these
Answer
Correct Answer: ₹ 1036.80
Explanation
### Concept & Formula
To calculate the simple interest, we use the standard formula directly.
$$SI = \frac{P \times R \times T}{100}$$
### Step-by-Step Solution
* **Given:**
* Principal ($P$) = ₹ 5760
* Rate ($R$) = 6% p.c.p.a.
* Time ($T$) = 3 years
* **Calculation:**
* $SI = \frac{5760 \times 6 \times 3}{100}$
* $SI = \frac{5760 \times 18}{100}$
* $SI = \frac{103680}{100}$
* $SI = 1036.80$
### Exam Strategy & Shortcut
For simple interest calculations where the denominator is 100, avoid full division initially. Just multiply the numerators ($576 \times 18$) and place the decimal point two spots from the right. Observing the last digit: $6 \times 8 = 48$, so the final digit before the decimal zero must be 8. Option (a), (b), (c), and (d) all end in .80, so calculation is required, but estimation helps: $5700 \times 18\%$ is slightly over 1000, confirming ₹ 1036.80.
### Common Pitfall
A common mistake is misplacing the decimal point during the final division by 100, leading to off-by-magnitude errors.
### Final Answer
Therefore, the correct answer is **₹ 1036.80**.