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. 780 in five years?
    A 6% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, P = Rs 600 T = 5 years ∴ 780 – 600 = (600 × R × 5)/100 ⇒ R = 18000/3000 = 6%

    Practice Next

    Relevant for Exams: