New ixamBee Expert Talk Session by ex-GM, NABARD

Question

At what % of simple interest per annum will Rs. 400 amount to Rs. 620 in five years?

Q: At what % of simple interest per annum will Rs. 400 amount to Rs. 620 in five years?

According to the question, P = Rs 400 T = 5 years &there4; 620 – 400 = (400 × R × 5)/100 ⇒ R = 22000/2000 = 11%

A 5%

B 11%

C 10%

D 8%

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Coal India Management Trainee

Question

At what % of simple interest per annum will Rs. 400 amount to Rs. 620 in five years?

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