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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-6

  • question_answer
    A sum of money fetches Rs. 240 as simple interest at the rate of 5 p.c.p.a. after 6 years. What is the principal?

    A)  Rs. 200

    B)  Rs. 400

    C)  Rs. 800

    D)  Rs. 1200

    E)  None of these

    Correct Answer: C

    Solution :

     \[Principal=\frac{SI\times 100}{Time\times Rate}\] \[=\frac{240\times 100}{5\times 6}=Rs.800\]      


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