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

    Question

    At what % of simple interest per annum will Rs. 600

    amount to Rs. 720 in five years?
    A 5% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer

    Solution

    According to the question, P = Rs 600 T = 5 years ∴  720 – 600 = (600 × R × 5)/100 ⇒  R = 12000/3000 = 4%

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