SSC CHSL 7 Mar 2018 Shift 1 Paper

Section: English Language

Question : 11 of 100

Marks: +1, -0

Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum?

Solution:

Let principal amount = Rs.

x

Rate of interest = 5% and time period =

6/12=1/2

years
⇒ Simple interest =

{P×R×T}/100

⇒

{x×5×1}/{2×100} =65.5

⇒

x/40 =65.5

⇒

x = 40 × 65.5 = Rs. 2620

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