A Government employee has an outstanding advance of ₹30,000 The applicable annual interest rate is 10%

Type: MCQ • Marks: 1

A. 750

B. 1000

C. 1500

D. 3000

Explanation

SI = 30,000 × 10 × 6/12 /100 = ₹1,500.

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UPSC Principal & Vice Principal Management Finance Administration

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