Question : A sum of Rs. 11064 gives an interest of Rs. 2766 in $x$ years at 5% per annum simple interest. What will be the value of $x$?
Option 1: 3
Option 2: 2
Option 3: 4
Option 4: 5
Correct Answer: 5
Solution :
Given: Principal = Rs. 11064
Simple interest = Rs. 2766
Time = $x$ years
Rate = 5%
We know that,
Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$
⇒ $2766=\frac{11064 × 5 × x}{100}$
⇒ $x=\frac{2766\times100}{11064 × 5}$
$\therefore x=5$ years
Hence, the correct answer is 5.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
