Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-3

  • question_answer
    In how many years will a man get a simple interest of Rs. 1,428 on a principal of Rs. 4,080 at the rate of 7 p.c.p.a.?

    A)  4 years

    B)  6 years

    C)  5 years

    D)  8 years

    E)  None of these

    Correct Answer: C

    Solution :

         \[\text{Time=}\frac{\text{SI }\!\!\times\!\!\text{ 100}}{\text{Principal  }\!\!\times\!\!\text{  Rate}}\]\[\text{=}\frac{\text{1428 }\!\!\times\!\!\text{ 100}}{\text{4080 }\!\!\times\!\!\text{ 7}}\text{=5}\,\text{years}\]


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