RRB Paramedical Staff Nurse Model Paper 6

Question : 48 of 100

Marks: +1, -0

Manoj deposited Rs. 29400 for 6 yr at a simple interest. He got Rs. 4200 as interest after 6 yr. The annual rate of interest was

Solution:

\SI=\;{P × R × T}/{100}

⇒ \;\; 4200=\;{29400 × 6 × R}/{100}

Thus,

R=\;{4200}/{294 × 6}

=50/21

=2{8/21}

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