Question 120

In how many years will Rs. 4400 amount to Rs. 5984 at 4 pcpa simple interest ?

Solution

According to the question:

Simple Interest will be = 5984 - 4400 = 1584

Hence, $$ 1584 = 4400 \times \frac{4}{100} \times n $$ (Where n is number of years)

So n = 9 years


Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free

cracku

Boost your Prep!

Download App