How much sum of money will become Rs. 1300 on simple interest in 12 years at the rate of interest
Answers
Answer:
₹15,600.
will be the answer.
Hope you understand.
Answer:
please answer the questions.
Step-by-step explanation:
Quantitative Aptitude ≫ Interest ≫ Simple Interest
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Question:
Raghu has invested Rs. 1000 and received Rs. 1300 at 6% per annum simple interest after X years. Find the value of X.
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Options:
4 years
3 years
2 years
5 years
Correct Answer: Option 4 (Solution Below)
Solution:
⇒ Simple interest = (principal × time × rate)/100 = (1000 × 6 × X)/100 = 60X
⇒ Amount = Interest + Principal = 1000 + 60X
According to question,
⇒ 1000 + 60X = 1300
⇒ 60X = 300
⇒ X = 5
This question was previously asked in
RRC Group D Previous Paper 9 (Held On: 27 Sep 2018 Shift 1)
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