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SSC Sample Paper SSC CGL - Sample Paper-24

  • question_answer
    What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 1500 interest?

    A) Rs. 5000                       

    B) Rs. 75000

    C) Rs. 10000                     

    D) Rs. 15000

    Correct Answer: B

    Solution :

    Let the principal \[=Rs.\,P\] \[r=4%,\] \[t=6\] \[\text{months}\,\,\text{=}\frac{1}{2}\,yr\] And      \[\text{SI}=1500\] \[\therefore \]      \[1500=\frac{P\times 4\times 1}{100\times 2}\] \[\Rightarrow \]   \[P=1500\times 25\times 2=75000\]


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