Question 62
Rs.800 become Rs.956 in 3 years at a certain rate of Simple Interest. What is the rate?
Solution
$$ SI = \frac{PNR}{100} $$
P = 800
Amount = 956
SI = 956 - 800 = 156
R = ?
substituting
$$ 156 = \frac{800 \times 3 \times R}{100} $$
solving R = 6.5%
Get AI Help?
Create a FREE account and get:
- Download RRB Study Material PDF
- 45+ RRB previous papers with solutions PDF
- 300+ Online RRB Tests for Free
