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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?


  • Options
  • A. 2.9 years
  • B. 3.5 years
  • C. 4.2 years
  • D. 4.7 years

  • Correct Answer
  • 3.5 years 

    Explanation

    Given that Rs. 1860 will become Rs. 2641.20 at 12%

     

    => Simple Interest = 2641.20 - 1860 = Rs. 781.20

     

    We know I = PTR/100

     

    => 781.20 x 100 = 1860 x T x 12

     

    => T = 78120/1860x12

     

    => T = 78120/22320

     

    => T = 3.5 years.

  • Tags: GATE, CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk

    More questions

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      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

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    • C. 3 days
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    • 2. 
      750.0003 ÷ 19.999 =?

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    • A. 49
    • B. 18
    • C. 22
    • D. 38
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    • 3. 
      105, 85, 60, 30, 0, - 45, - 90?

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    • 4. 
      Let A = {1, 2, {3, 4}, 5}. Which of the following statements is true?

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    • D. {1, 2, 5} ? A
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      Two vessels A and B contains milk and water mixed in the ratio 5 : 3 and 2 : 3. When these mixtures are mixed to form a new mixture containing half milk and half water, they must be taken in the ratio ?

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    • A. 2 : 5
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    • 7. 
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    • Options
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    • 9. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

    • Options
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    • Discuss
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    • Options
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