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Simple Interest Practice Test 4
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© examsnet.com
Question : 8
Total: 26
Nisha invests an amount of Rs. 9535 at the rate of 4 per cent per annum to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum?
2 years
4 years
5 years
10 years
Validate
Solution:
Here, I = 11442 – 9535 = Rs. 1907,
T
=
1907
×
100
9535
×
4
= 5 years
© examsnet.com
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