Multiple Choice Questions on How long will it take a sum of money invested at 5 p a S I to increase its value by 40 ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

How long will it take a sum of money invested at 5 p a S I to increase its value by 40 ........

Quantitative Aptitude (CUET) Simple Interest
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    How long will it take a sum of money invested at 5% p.a. S.I. to increase its value by 40%?

    5 years

    Incorrect Answer

    6 years

    Incorrect Answer

    7 years

    Incorrect Answer

    8 years

    Correct Answer
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    Explanation:

    Let P =100, period N, Rate 5% SI.

    100 + (100×Nx 5/100)= 140.

    100 x N x 5/100 =40

    5N =40

    N =8.

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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