Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

In what time will Rs. 500 amounts to Rs. 625 at 5% p.a.?

Options:

6 years

5 years

10 years

3 years

Correct Answer:

5 years

Explanation:

Interest = 125

⇒ S.I. = 125 = \(\frac{500\;x\;5\;x\;t}{100}\)

⇒`time = 5 years