New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In what time will Rs. 45000, at 4% per annum, produce

    the same interest at Rs.18000 does in 5 years at 8% simple interest?
    A 4 years Correct Answer Incorrect Answer
    B 5 years Correct Answer Incorrect Answer
    C 6 years Correct Answer Incorrect Answer
    D 7 years Correct Answer Incorrect Answer
    E 10 years Correct Answer Incorrect Answer

    Solution

    Let the time be t years According to the question, (45000×4×t)/100 = (18000 ×5 ×8)/100 180t = 720 t = 4years

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