The interest on Rs.54,000 loan for nine months at 8% interest per year is

Last updated Nov 6, 2026

Correct Answer: Option C — 3240

Annual Interest: $54,000 \times 8\% = 4,320$ (Interest for one full year)Monthly Interest: $4,320 \div 12 = 360$ (Interest for one month)Interest for 9 Months: $360 \times 9 = 3,240$

Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.

Try another question from JKSSB FAA 2024 Try another question from Statistics

About this question

JKSSB FAA 2024

Details

Exam JKSSB

Recruitment FAA

Year 2024

Subject Statistics

View all questions from this paper

More Statistics questions

From across UPSC, JKPSC, and JKSSB papers — same subject, different years.

Which of the following is an example of primary data? JKSSB FAA 2022 Written · Statistics In a frequency distribution, the median and mean is 12 and 13, find the mode. JKSSB FAA 2022 Written · Statistics Eight randomly selected college students were asked to state the number of hours they slept the previous night. The resulting data values... JKSSB FAA 2024 Written · Statistics Consider the following statements regarding probabilities:P: Probabilities can never add up to more than one. Q: Probabilities of mutuall... JKSSB FAA 2024 Written · Statistics In India, around 17,25,980 people will die from Dengue in 2022. The population of India in 2022 is 135,00,50,000. Find the mortality rate... JKSSB FAA 2022 Written · Statistics

The interest on Rs.54,000 loan for nine months at 8% interest per year is

Answer & Explanation

About this question

JKSSB FAA 2024

Details

More Statistics questions

Practice 2,683+ more PYQs interactively