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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

  • question_answer
    The simple interest accrued in 3 years on a principal of Rs. 25000 is three-twentieth of the principal. What is the rate of simple interest p. c. p. a.?

    A)  5

    B)  4

    C)  6

    D)  3

    E)  None of these

    Correct Answer: A

    Solution :

          Simple interest \[=\frac{3}{20}\times 25000=Rs.3750\] \[\therefore \]\[Rate=\frac{S.I.\times 100}{\Pr incipal\times Time}\] \[=\frac{3750\times 100}{25000\times 3}=5%\]perannum Quicker Approach \[S.I.=\frac{3}{20}\times \Pr incipal\] \[\therefore \]\[\frac{S.I.}{\Pr incipal}=\frac{3}{20}\] \[\therefore \]\[Rate=\frac{S.I.}{\Pr incipal}\times \frac{100}{Time}\] \[=\frac{3}{20}\times \frac{100}{3}=5%\]per annum


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