Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

In what time will Rs.500 amounts to Rs.650 at 5% p.a.?

Options:

3 years 

4 years

7 years 

5 years

Correct Answer:

5 years

Explanation:

Interest = 150

⇒ S.I. = 150 = \(\frac{600\;×\;5\;×t}{100}\)

⇒`time = 5 years