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Railways PYQCBT 1 2016

RRB NTPC · Question 74

Z paid Rs 10,920 after 4 years with 10% annual simple interest. How much did he borrow? A. Rs 7,600 B. Rs 7,800 C. Rs 8,200 D. Rs 7,400

  1. A

  2. B

  3. D

  4. C

Show answer & explanation

Answer: (B) B

Explanation

Amount = P(1 + 4 × 10/100) = 1.4P = 10,920, so P = Rs 7,800.