LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
32 views
in Aptitude by (30.0k points)
closed by
Mohan borrowed an amount of Rs. 18,000 and paid a simple interest of Rs. 2,700 at 10% per annum. Find the duration for
1. 3 years
2. \(\frac{3}{2}\)years
3. \(\frac{2}{3}\)years
4. \(\frac{3}{20}\)years

1 Answer

0 votes
by (30.0k points)
selected by
 
Best answer
Correct Answer - Option 2 : \(\frac{3}{2}\)years

Given:

Principal = Rs. 18,000

SI = Rs. 2700

Rate = 10%

Formula used:

SI = (P × R × T)/100

Calculation:

According to the question

⇒ 2700 = (18000 × 10 × t)/100

⇒ 2700 = 1800t

⇒ t = 2700/1800

⇒ t = 3/2

∴ The required time is 3/2 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

...