Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. 1. What is the principal sum? I. The sum amounts to Rs. 690 in 3 …

Read More »## Simple Interest – Data Sufficiency 1

Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and …

Read More »## Simple Interest – General Questions

1 A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: A. Rs. 650 B. Rs. 690 C. Rs. 698 D. Rs. 700 Answer: Option C Explanation: S.I. for 1 year = Rs. (854 – 815) …

Read More »## Simple Interest – Important Formulas

Principal:The money borrowed or lent out for a certain period is called the principal or the sum. Interest:Extra money paid for using other’s money is called interest. Simple Interest (S.I.):If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple interest.Let Principal = …

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