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SSC Selection Post 2020 PYQ — Question 65

SSC Selection Post - Matriculation Level 2020 - 6 Nov 2020 - Shift 1 • Quantitative Aptitude • Q65

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In what time will a sum of ₹10,200 yield ₹13,005 as simple interest at the rate of 17% per annum?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 7 years 6 months.

SI = PRT100PRT\over100

⇒ 13005 = 10200×T×1710010200\times T\times17\over100

⇒ T = 7127\frac{1}{2} = 7 years 6 months