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%

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