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Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-3

  • question_answer
    The simple interest accrued in four years on a principal of Rs. 18,000 is one fifteenth the principal. What is the rate of the simple interest p.c.p.a ? (Rounded off to two digits its after decimal).

    A)  \[1.67\]                        

    B)  \[3.57\]

    C)  \[2.71\]             

    D)       \[4.11\]

    Correct Answer: A

    Solution :

     Interest \[=\frac{1}{15}\,\,18000\] = Rs. 1200 \[\therefore \] Rate \[=\frac{S.I.\,\,\,\,100}{\Pr incipal\,\,\,\,Time}\] \[=\frac{1200\,\,\,\,100}{18000\,\,\,\,\,4}\]\[=1.67%\] per annum


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