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Railways PYQCBT 2 2017

RRB NTPC · Question 21

Diksha borrowed Rs. 500 at 5% per annum simple interest. What amount (in rupees) will she pay to clear her debt after 4 years?

  1. 150

  2. 650

  3. 600

  4. 750

Show answer & explanation

Answer: (C) 600

Explanation

Simple interest = 500 × 5 × 4 / 100 = Rs 100. The amount to clear the debt = 500 + 100 = Rs 600.