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  3. Banking
  4. Quantitative Aptitude

Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-1

  • question_answer
    The time required for a sum of money to amount to four times itself at 15% simple interest per annum will be                                                                                                                              [SSC (10+2) 2015]

    A)  30 yr

    B)  20 yr 

    C)  10 yr   

    D)  15 yr

    Correct Answer: B

    Solution :

    [b] We know that, \[A=P+SI\] According to the question, \[4P=P+\frac{P\times T\times 15}{100}\] \[\Rightarrow \]   \[3P=\frac{P\times T\times 15}{100}\]\[\Rightarrow \]\[T=\frac{3P\times 100}{P\times 15}\] \[\Rightarrow \]   \[T=20\,yr\]


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