Discussion
A sum when reckoned at 15% Simple interest amounts to ₹1,750 in 5 years. Find the sum?
Answer: C
The amount is the principal plus the simple interest, \(A = P(1 + rt)\). With the rate 15 per cent and the time 5 years, \(rt = 0.75\).
\[ 1750 = P \times 1.75 \] \[ P = \frac{1750}{1.75} = 1000 \]
So the sum is 1,000 rupees. Check: the interest is \(1000 \times 0.15 \times 5 = 750\), and 1000 + 750 = 1750. The value 750 is just the interest, and 850 and 1,100 do not fit. The answer is 1,000 rupees, option C.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development