Multiple Choice Questions on In how much time would the simple interest on a principal amount be 0 125 times the principal amount........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

In how much time would the simple interest on a principal amount be 0 125 times the principal amount...........

Quant (SSC) Simple Interest
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    In how much time would the simple interest on a principal amount be 0.125 times the principal amount at 10% per annum?

    1.25 years

    Correct Answer

    3.5 years

    Incorrect Answer

    2 years

    Incorrect Answer

    1 years

    Incorrect Answer
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    Explanation:

    Let the principal be Rs. P.
    Therefore, SI = 0.125 P
    Rate of interest = 10% p.a.
    SI = P × R × T /100
    ⇒ 0.125 P = P × 10 × T /100
    ⇒ 125 /1000 = T/100
    ⇒ T = 125/100 = 1.25 years

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