Practicing Success
CUET Preparation Today
CUET
General Test
Numerical Ability
Simple Interest
In how much time a sum of ₹500 becomes ₹625 at the rate of 5% per annum simple interest?
5 years
7 years
3 years
8 years
Interest = 625-500 = 125
SI = \(\frac{PRT}{100}\)
125 = \(\frac{500× 5×T}{100}\)
T= 5 years