SSC CHSL 15 Oct 2020 Shift 3 Paper

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Question : 71 of 100

Marks: +1, -0

In how many years will a sum of ₹ 5000 yield a simple interest of

₹ 2000

at an interset rate of

10 \%

p.a.?

$5 {\yr}$
$3 {\yr}$
$4 {\yr}$
$6 y {\yr}$

Solution:

Let the time be

t

yr.
Given,

\P=₹ 5000, \R=10 \%

{\Sl}=₹ 2000

∴ According to the formula,

{\Sl}={\P ×\R ×t}/{100}

⇒

t={{\Sl} ×100}/{\P ×\R}={2000 ×100}/{5000 ×10}=4 {\yr}

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