defence exam CISF Head Constable Ministerial (HCM) & ASI Steno Mock Test Series Quantitative Aptitude Interest Simple Interest
What will be the amount of simple interest on Rs. 75,000 at the rate of 2\(\frac{5}{3}\)% per annum for a period of 5 years?
1
Rs. 13,000
2
Rs. 13,050
3
Rs. 13,750
4
Rs. 13,005