ABC26GN4014 · Simple Interest

Subject: General Aptitude · Chapter: Simple Interest · Exam: · Marks: · Difficulty:

At what rate of simple interest per annum can an amount of ` 1553.40 be obtained on the principal amount of ` 8630 after 3 years? (Bank Recruitment, 2007

(a)4 p.c.p.a

(b)5 p.c.p.a

(c)7 p.c.p.a

(d)8 p.c.p.a

(e)None of these

Answer

Answer (as printed): E

Explanation

P = ` 8630, S.I. = ` 1553.40, T = 3 yrs. 100 × 1553.40 \ Rate = % = 6%. 8630 × 3

Explanation as extracted from the printed page; notation may be imperfect.

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