Simple Interest Practice Test 1

Question : 31 of 40

Marks: +1, -0

Which of the following sum of money will amount to Rs. 1050 in 5 years at 8% per annum simple interest?

Solution:

Here,

P+{P×8×5}/100=1050

⇒{7P}/5=1050

∴P={1050×5}/7=\Rs. 750

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