SSC CHSL 4 Mar 2018 Shift 3 Paper

Section: English Language

Question : 11 of 100

Marks: +1, -0

Simple interest on a sum for eight months at 6% per annum is Rs 340.What is the value (in Rs) of sum?

Solution:

Let principal amount = Rs. x
Rate of interest = 6% and time period =

8/12=2/3

years
⇒ Simple interest =

{P×R×T}/100

⇒

{x×6×2}/{3×100}=340

⇒

x/25 = 340

⇒

x = 340 × 25 = Rs. 8, 500

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