In how many years, ₹150 will produce t

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

In how many years, ₹150 will produce the same interest @ 8% as ₹800 produce in 3 years at the rate of 4.5%?

Options:

Correct Answer:

Explanation:

Interest ₹800 produce in 3 years at the rate of 4.5% = (800 × 3 × 4.5) /100 = 108

So, 108 = Interest produced by 150 at 8% for n no. of years.

108 = (150 × n × 8) /100

n = 9 years