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AFCAT II 2015 Solved Paper
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© examsnet.com
Question : 58
Total: 100
A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is ₹ 340 less than the principal, the principal is
₹ 500
₹ 520
₹ 540
₹ 580
Validate
Solution:
Let the principle amount be ‘P’
S.I =
P × r × t
100
According to question –
P
−
340
=
P
×
4
×
8
100
P
−
340
=
8
P
25
8
P
=
25
P
−
8500
25
P
−
8
P
=
8500
17
P
=
8500
P
=
8500
17
P
=
500
© examsnet.com
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