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Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-2

  • question_answer
    A person lent a certain sum of money at 4% simple interest; and in 8 years the interest amounted to Rs. 340 less than the sum lent. Find the sum lent.

    A)  Rs.300             

    B)  Rs.700

    C)  Rs.500 

    D)       Rs. Can't be determined

    Correct Answer: C

    Solution :

     Direct Formula;                Sum  \[=\frac{100}{100\,\,\,\,8\,\,\,\,\,4}\]  \[340=\frac{100\,\,\,\,\,\,340}{68}\]=Rs. 500


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