Question 28

Raghu has invested ₹ 1000 and received ₹ 1300 at 6% per annul simple interest after X years. Find the value of X ?

Solution

Share

Principal amount (P) = 1000

Interest = Total amount - Principal amount = 1300 - 1000 = 300

Rate = 6 %

Time = $$\frac{Interest\times100}{\text{Principal amount}\times Rate}$$

= $$\frac{300\times100}{\text{1000}\times 6}$$

= 5 years

Create a FREE account and get:

  • Download RRB Study Material PDF
  • 45+ RRB previous papers with solutions PDF
  • 300+ Online RRB Tests for Free