Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 133

Q.  Simple interest at x% for x years will come out to be Rs x on a sum of Rs?
- Published on 15 Jun 15

a. x
b. 100/x
c. 100/x2
d. 100x

ANSWER: 100/x
 
Formula for Simple Interest:

SI = Principal*Rate*Time

SI= x

Rate= x/100

Time= x

=> x= Principal*(x/100)*x

=>Principal Amount= 100/x

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