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Simple Interest Practice Test 4
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© examsnet.com
Question : 16
Total: 26
How long will it take a sum of money invested at 6% per annum SI will be increase its value by 42%?
7.5 years
8.5 years
7 years
8 years
9 years
Validate
Solution:
Let the principal be Rs P .
Then,
S
I
=
42
%
of
P
=
42
100
P
R = 6%
∴
T
=
42
100
P
×
1
P
×
1
6
=
7
years
© examsnet.com
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