Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

If P = ₹2000, R = 5% per annual, T = 5 year

A. Total sum of amount = ₹2200

B. SI = ₹200

C. SI = ₹500

D. Total sum of amount = ₹2500

Choose the correct answer from the options given below:

Options:

C and D Only

A and C Only

B and C Only

A and D Only

Correct Answer:

C and D Only

Explanation:

P = 2000, R = 5%, T = 5 year

S.I. = $\frac{P\;×\;5\;×\;5}{100}=\frac{2000\;×\;5\;×\;5}{100}=500$ rs

Amount = 2000 + 500 = 2500 rs.

Hence, C and D is correct answer.

 

Alternate way:

Here, as per option, we can conclude

Either (A and B) or (C and D) can be correct.

(A and B) is not in the option, therefore, (C and D) is the only answer.