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

    Question

    Find the period when simple interest on Rs.4000 at 6%

    per annum will be Rs.400.
    A 20 months Correct Answer Incorrect Answer
    B 22 months Correct Answer Incorrect Answer
    C 14 months Correct Answer Incorrect Answer
    D 18 months Correct Answer Incorrect Answer

    Solution

    SI = P x R x T / 100 400 = 4000 x 6 x T / 100 T = 10/ 6 years T = 10 / 6 x 12 months = 20 Months

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