SSC Sample Paper Mock Test-2 SSC CGL Tear-II Paper-1

  • question_answer
    The principal on which a simple interest of Rs. 55 will be obtained after 9 months at the rate of \[3\frac{2}{3}%\]per annum is

    A)  Rs. 1000                      

    B)  Rs. 1500  

    C)  Rs. 2000

    D)  Rs. 2500

    Correct Answer: C

    Solution :

    Let P be the principal amount Given that, SI = Rs. 55, Time (t) s 9 months \[=\frac{9}{12}\]yr and rate (r)\[=3\frac{2}{3}%=\frac{11}{3}%\] \[\therefore \]      \[SI=\frac{P\times r\times t}{100}\] \[\Rightarrow \]   \[P=\frac{SI\times 100}{r\times t}=\frac{55\times 100}{11\times 9}\times 3\times 12\] \[\therefore \]      \[=5\times 100\times 4=2000\] \[\therefore \]      Principal (P) = Rs. 2000             


You need to login to perform this action.
You will be redirected in 3 sec spinner