Question : For what sum will the simple interest at $R$% per annum for 2 years be $R$?
Option 1: Rs. $\frac{100}{2R}$
Option 2: Rs. $50$
Option 3: Rs. $\frac{100}{R}$
Option 4: Rs.$\frac{200}{R}$
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Rs. $50$
Solution : Given: Simple interest = $R$ Rate = $R$ % Time = 2 years Simple interest =$\frac{\text{Principal×Rate×Time}}{100}$ ⇒ Principal = $\frac{R×100}{2×R}$ ⇒ Principal = Rs.$50$ Hence, the correct answer is Rs.$50$.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : What will a person get after 3 years at compound interest, when the principal is Rs. $S$ and the rate of interest is $2r$% per annum?
Question : In how many years will a sum of Rs. 3000 yield an interest of Rs.1080 at 12% per annum simple interest?
Question : What is the rate of interest per annum for simple interest at which Rs. 880 amounts to Rs. 913 in $1 \frac{1}{2}$ years?
Question : The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Question : A sum triple itself in 9 years at simple interest. Find the rate of interest per annum.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile