Download Aptitude Crack
img not found img not found

Simple Interest

Q1: A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

A 5%

B 8%

C 12%

D 15%

ANS:C - 12%

S.I. for 3 years = Rs. (12005 - 9800) = Rs. 2205.

S.I. for 5 years = Rs. 2205 x 5 = Rs. 3675
3
 Principal = Rs. (9800 - 3675) = Rs. 6125.
Hence, rate = 100 x 3675 % = 12%
6125 x 5



img not found
img

For help Students Orientation
Mcqs Questions

One stop destination for examination, preparation, recruitment, and more. Specially designed online test to solve all your preparation worries. Go wherever you want to and practice whenever you want, using the online test platform.