logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?


  • Options
  • A. 65years
  • B. 56years
  • C. 45years
  • D. 57years

  • Correct Answer
  • 56years 

    Explanation

    Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the numberof years for which it is invested, r is the rate of interest per annum

     

    In this case, Rs. 1250 has become Rs.10,000.

     

    Therefore, the interest earned = 10,000 ? 1250 = 8750.

     

    8750 = [(1250 x n x 12.5)/100]

     

    => n = 700 / 12.5 = 56 years.

  • Tags: Bank Exams, Bank PO

    More questions

    • 1. 
      ?. x 4 ? 227 = 398
      ?. y 2 + 321 = 346

    • Options
    • A. 1
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 2. If 6th March, 2005 is Monday, what was the day of the week on 6th March, 2004?

    • Options
    • A. Sunday
    • B. Saturday
    • C. Tuesday
    • D. Wednesday
    • Discuss
    • 3. 1, 4, 9, 16, 23, 25, 36

    • Options
    • A. 9
    • B. 23
    • C. 25
    • D. 36
    • Discuss
    • 4. 
      A sum of money is to be divided equally among P, Q and R in the respective ratio of 5 : 6 : 7 and another sum of money is to be divided between S and T equally. If S got ? 2100 less than P, then how much amount did Q receive?

    • Options
    • A. ? 2500
    • B. ? 2000
    • C. ? 1500
    • D. Couldn't be determined
    • Discuss
    • 5. 
      If a : b = b : c, then ratio a 4 : b 4 is equal to

    • Options
    • A. ac : b2
    • B. a2 : c2
    • C. c2 : a2
    • D. b2 : ac
    • Discuss
    • 6. 
      A man covers half of his journey at 6 km/h and the remaining half at 3 km/h. Find his average speed.

    • Options
    • A. 3 km/h
    • B. 4 km/h
    • C. 4.5 km/h
    • D. 9 km/h
    • Discuss
    • 7. 
      A person can walk a certain distance and drive back in 6 h. He can also walk both ways in 10 h. How much time will he take to drive both ways?

    • Options
    • A. 2 h
    • B. 21/2 h
    • C. 51/2 h
    • D. 4 h
    • Discuss
    • 8. 
      Find the least number by which 175760 be devided to make it a perfect cube.

    • Options
    • A. 10
    • B. 20
    • C. 100
    • D. 5
    • Discuss
    • 9. 
      The roots of the equation x2 + px + q = 0 are equal if :

    • Options
    • A. p2 = 2q
    • B. p2 = 4q
    • C. p2 = - 4q
    • D. p2 = - 2q
    • Discuss
    • 10. 
      Two cubes have volumes in the ratio 1: 27, The ratio of their surface areas is?

    • Options
    • A. 1 : 3
    • B. 1 : 8
    • C. 1 : 9
    • D. 1 : 18
    • Discuss


    Comments

    There are no comments.

Enter a new Comment