Question
Download Solution PDFManish invested a certain sum of money at 10% per annum simple interest. If he receives an interest of ₹72780 after 1 year, the sum (in ₹) he invested is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Interest (I) = ₹72780
Rate (r) = 10% per annum
Time (t) = 1 year
Formula used:
I = P × r × t / 100
Where, P = Principal amount
Calculations:
72780 = P × 10 × 1 / 100
⇒ 72780 = P × 10 / 100
⇒ 72780 = P × 0.1
⇒ P = 72780 / 0.1
⇒ P = 727800
∴ The correct answer is option (4).
Last updated on Jul 15, 2025
-> SSC Selection Phase 13 Exam Dates have been announced on 15th July 2025.
-> The SSC Phase 13 CBT Exam is scheduled for 24th, 25th, 26th, 28th, 29th, 30th, 31st July and 1st August, 2025.
-> The Staff Selection Commission had officially released the SSC Selection Post Phase 13 Notification 2025 on its official website at ssc.gov.in.
-> A total number of 2423 Vacancies have been announced for various selection posts under Government of India.
-> The SSC Selection Post Phase 13 exam is conducted for recruitment to posts of Matriculation, Higher Secondary, and Graduate Levels.
-> The selection process includes a CBT and Document Verification.
-> Some of the posts offered through this exam include Laboratory Assistant, Deputy Ranger, Upper Division Clerk (UDC), and more.
-> Enhance your exam preparation with the SSC Selection Post Previous Year Papers & SSC Selection Post Mock Tests for practice & revision.