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Railways Sample Paper RRB (Assistant Loco Pilot & Technician) Sample Test Paper-2

  • question_answer
    A sum fetches simple interest of Rs. 264 At the rate of 5.5 p.c.p.a in 5 years. What is the sum?

    A)  Rs. 885.95                   

    B)  Rs.960

    C)  Rs.567 

    D)       Can't be determined

    Correct Answer: B

    Solution :

     Principal \[=\frac{Interest\times 100}{Rate\times Time}\]             \[=\frac{264\,\,\,\,\,\,100}{5.5\,\,\,\,\,\,\,5}=960\]


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