RRB Paramedical Staff Nurse Model Paper 6

Question : 41 of 100

Marks: +1, -0

In what time will Rs. 1860 amount to 2641.20 at simple interest 12% per annum?

Solution:

Given,

P=1860

A=2641.20

r=12 \%

We know that, SI = A - P

=2641.20-1860

\Rs781.2\;\SI={\Principal × \Rate×\Time}/100

Time

{SI×100}/{\Principal×\Rate }

=\;{781.2 × 100}/{1860 × 12}

=3 \;{1}/{2}

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