NextMockSearch exams, e.g. SSC CGL, UPPSC, Lekhpal
Railways PYQCBT 2 2017

RRB NTPC · Question 75

Find the period when simple interest on Rs. 4000 at 6% per annum will be Rs. 400.

  1. 20 months

  2. 22 months

  3. 14 months

  4. 18 months

Show answer & explanation

Answer: (A) 20 months

Explanation

Time = SI × 100/(P × R) = 400 × 100/(4000 × 6) = 5/3 years = 20 months.