Multiple Choice Questions

Find the sum of money which must be invested at simple interest for 8 months at 6 per annum in order...........

Quantitative Aptitude (MTS) Simple Interest

Find the sum of money which must be invested at simple interest for 8 months at 6% per annum in order to earn Rs250 as

interest.

This questions was previously asked in

SSC MTS 8th July 2022 Shift-2

Rs6,550

Rs6,225

Rs7,250

Rs6,250

To find out which amount earns Rs250 as simple interest, follow these steps:

- Use the simple interest formula: $Simple Interest (SI) = \frac{P \times R \times T}{100}$

- Given: SI = Rs250, Rate (R) = 6% per annum, Time (T) = $\frac{8}{12}$ years or $\frac{2}{3}$ year.

- Substitute values to find Principal (P):

250 = \frac{P \times 6 \times \frac{2}{3}}{100}

250 \times 100 = P \times 4

P = \frac{25000}{4} = 6250

- Option 4: Rs6,250 is the correct amount.

Option 4: Rs6,250

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