Question
Download Solution PDFIn how many years will a sum of Rs. 9,500 amount to Rs. 11,780 at the rate of 8% per annum at simple interest?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A sum of Rs. 9,500 amount to Rs. 11,780 at the rate of 8% per annum at simple interest
Formula used:
Simple interest = P × R × T / 100 [ P = principal, R = rate of interest, T = time]
Calculation:
Let, Time = T
Simple interest is (11780 - 9500) = 2280
As per the question,
⇒2280 = 9500 × 8 × T / 100
⇒ T = 3 years
Last updated on Jul 14, 2025
-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.
-> Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the CGL exam form.
-> Candidates can refer to the CGL syllabus for a better understanding of the exam structure and pattern.
-> The CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.