LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
45 views
in Aptitude by (30.0k points)
closed by
In how many years, will 5,450 amount to 8,175, if invested at simple interest at the rate of 12.5% per annum?
1. 3
2. 4
3. 6
4. 5

1 Answer

0 votes
by (50.3k points)
selected by
 
Best answer
Correct Answer - Option 2 : 4

Given:

R = 12.5 % per annum

Formula:

Let P = Principal, R = Rate of interest and N = Time

SI = PNR/100

Calculation:

SI = 8175 - 5450 = Rs.2725

Then,

⇒ 2725 = 5450 × 12.5 × N/100

⇒ N = 4

∴ In will take 4 years.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...