ABC26GN4012 · Simple Interest
Subject: General Aptitude · Chapter: Simple Interest · Exam: 2008 · Marks: · Difficulty:
Deepak invested an amount of ₹ 21250 for 6 years. At what rate of simple interest will be obtain the total amount of ₹ 26350 at the end of 6 years?
(a)5 p.c.p.a
(b)6 p.c.p.a
(c)8 p.c.p.a
(d)12 p.c.p.a
(e)None these
Answer
Explanation
$$\begin{aligned} & P=₹ 21250, \text { S.I. }=₹(26350-21250)=₹ 5100, T=6 \text { years. } \\ & \therefore \text { Rate }=\left(\frac{100 \times 5100}{21250 \times 6}\right) \%=4 \% . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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