Multiple Choice Questions on In what time will Rs 1860 amount to Rs 2641 20 at simple interest 12 per annum ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

In what time will Rs 1860 amount to Rs 2641 20 at simple interest 12 per annum ........

Quant (SSC) Simple Interest
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    In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?

    2.9 years

    Incorrect Answer

    3.5 years

    Correct Answer

    4.2 years

    Incorrect Answer

    4.7 years

    Incorrect Answer
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    Explanation:

    Given that Rs. 1860 will become Rs. 2641.20 at 12%
    => Simple Interest = 2641.20 - 1860 = Rs. 781.20
    We know I = PTR/100
    => 781.20 x 100 = 1860 x T x 12
    => T = 78120/1860x12
    => T = 78120/22320
    => T = 3.5 years.

    By: MIRZA SADDAM HUSSAIN
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