Question Bank › General Aptitude › Simple Interest › ABC26GN4011ABC26GN4011 · Simple Interest Subject: General Aptitude · Chapter: Simple Interest · Exam: 2009 · Marks: · Difficulty:
Asmita invests an amount of ₹ 9534 @ 4 p.c.p.a. to obtain a total amount of ₹ 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum?
(a) 2 years
(b) 4 years
(c) 5 years
(d) 10 years
Answer Explanation $$\begin{aligned} & P=₹ 9534, \text { S.I. }=₹(11442-9534)=₹ 1908, R=4 \% . \\ & \therefore \text { Time }=\left(\frac{100 \times 1908}{9534 \times 4}\right) \mathrm{yrs}=\left(\frac{47700}{9534}\right) \mathrm{yrs} \approx 5 \mathrm{yrs} . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
← Previous in chapter · Chapter list · Next in chapter → Open in whiteboard · Browse this chapter in the app