Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

In how much time sum of money becomes 6 times at 25% simple interest?

Options:

25 years

15 years

20 years

30 years

Correct Answer:

20 years

Explanation:

6 times means:

If Principal = 1R, then

Amount = 6R, so

SI = 5R

T =\(\frac{SI × 100}{PR}\) =  \(\frac{5 × 100}{1 × 25}\) = 20 years