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SSC Sample Paper SSC CGL - Sample Paper-8

  • question_answer
    In how many years will a sum of Rs. 3000 yield a simple interest of Rs. 1080 at 12% per annum?

    A)  3                    

    B)  \[2\frac{1}{2}\]

    C)  2                    

    D)  \[3\frac{1}{2}\]

    Correct Answer: A

    Solution :

    \[\text{Time}=\frac{SI\times 100}{\text{Principal }\!\!\times\!\!\text{ Rate}}\] \[=\frac{1080\times 100}{3000\times 12}=3\,\,yr\]           


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