Note 1

Take Note:

Take a note while surfing.

Note With Ink

Give your Note a Colorful Tag.

Easy to Access

Stay on same information and in Sync wherever you are.

Note 2

Take Note:

Organize your information,It may take Shape.

Think With Ink

Differ your Content by Color.

Easy to Access

Easy to pull up your content from anywhere anytime.

Note 3

Take Note:

Don't Let information to miss,Because it take shape

Note With Ink

Simple an Easy Way to take a note.

Easy to Access

Get the same in next visit.

Please wait...

Arithmetic Aptitude :: Simple Interest

8. 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?

Answer: Option D

Explanation :

Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the number of
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*n*12.5)/100]
=> n = 700 / 12.5 = 56 years.

Post Your Answer Here:     

No Discussion on this question yet!