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SSC Selection Post 2023 PYQ — Question 73

SSC Selection Post - Matriculation Level - 28 June 2023 - Shift 4 • Quantitative Aptitude • Q73

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What annual payment (in ₹) will discharge a debt of ₹1,500 in 10 years at 5% per annum simple interest? (Correct to two decimal places)

 

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Correct answer: B

Explanation

The correct answer is Option 2 i.e. 122.44 Rs

Annual payment = A×100100t+R⋅t(t−1)2\frac{A \times 100}{100t + \frac{R \cdot t(t - 1)}{2}}= 1500×100100⋅10+5⋅10⋅92\frac{1500 \times 100}{100 \cdot 10 + \frac{5 \cdot 10 \cdot 9}{2}}= 150000/1225 = 6000/49 = 122.44 Rs