RRB NTPC Mains or Stage 2 Model Paper 1 with solutions

Question : 102 of 120

Marks: +1, -0

Ms. Deksha borrowed Rs. 575 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

Solution:

(1) S.I.

={Principal× Time× Rate}/100

{575× 4× 5}/100= Rs.115

∴ Amount = Rs.(575 + 115)
= Rs. 690

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