Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The simple interest on a sum for a certain number of years is same as sum itself while the rate is same as the number of years for which it is invested. The number of years is equal to : 

Options:

5

10

8

1

Correct Answer:

10

Explanation:

ATQ,

Let Simple interest = Sum = S

Let Rate = Time = Y

By using formula ,

Simple Interest = \(\frac{Principal ×Rate × Time }{100}\)

S = \(\frac{S ×Y × Y }{100}\)

Y² = 100

Y = 10 years