ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    A sum of Rs. 7000 is invested in a scheme of simple

    interest. The rate of interest in this scheme is 20 percent per annum. If Rs. 1750 interest is obtained, then for how many months is the sum invested?
    A 24 Correct Answer Incorrect Answer
    B 15 Correct Answer Incorrect Answer
    C 21 Correct Answer Incorrect Answer
    D 18 Correct Answer Incorrect Answer

    Solution

    ATQ, 1750 = (7000 ├Ч 20 ├Ч T)/100 тЗТ T = 175000/140000 тЗТ T = 1.25 years = 15 months тИ┤ Amount was invested for 15 months

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question