NIFT UG 2013 Question Paper with solutions

Question : 33 of 150

Marks: +1, -0

On what sum of money lent out at 9% per annum simple interest for 6 years does the simple interest amount to ₹810?

Solution:

Let sum of money = P
Simple interest

={Prt}/100

810={P×9×6}/100

P={810×100}/{9×6}=₹1500

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