Question
Download Solution PDFAt what rate (in percentage) per annum will Rs. 1,300 give Rs. 520 as simple interest in 8 years?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Principal (P) = ₹1,300
Simple Interest (SI) = ₹520
Time (t) = 8 years
Formula used:
SI = (P × r × t) / 100
Where, r = rate
Calculation:
520 = (1300 × r × 8) / 100
⇒ 520 = 104r
⇒ r = 520 / 104
⇒ r = 5
∴ The correct answer is option (4).
Last updated on Jun 30, 2025
-> The RRB Technician Notification 2025 have been released under the CEN Notification - 02/2025.
-> As per the Notice, around 6238 Vacancies is announced for the Technician 2025 Recruitment.
-> The Online Application form for RRB Technician will be open from 28th June 2025 to 28th July 2025.
-> The Pay scale for Railway RRB Technician posts ranges from Rs. 19900 - 29200.
-> Prepare for the exam with RRB Technician Previous Year Papers.
-> Candidates can go through RRB Technician Syllabus and practice for RRB Technician Mock Test.