📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Find the period when simple interest on Rs.4000 at 6%

    per annum will be Rs.400.
    A 20 months Correct Answer Incorrect Answer
    B 22 months Correct Answer Incorrect Answer
    C 14 months Correct Answer Incorrect Answer
    D 18 months Correct Answer Incorrect Answer

    Solution

    SI = P x R x T / 100 400 = 4000 x 6 x T / 100 T = 10/ 6 years T = 10 / 6 x 12 months = 20 Months

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question