Computer Science Engineering (CSE) Exam  >  Computer Science Engineering (CSE) Questions  >  SBI lent 1 lakh to farmer Kishan Singh at 6% ... Start Learning for Free
SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?
  • a)
    2 years
  • b)
    3 years
  • c)
    4 years 
  • d)
    5 years
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple inte...
Suppose that 6% per annum be the rate of interest for x years, then the 4% per annum be the rate of interest for (10 - x) years.
Interest paid by Kishan Singh = Rs. 48,000
Now,
48 = 6x + 40 - 4x
2x = 8
x = 4 years
It means Kishan Singh availed the discount after 4 years.
Hence, option (3) is correct.
Explore Courses for Computer Science Engineering (CSE) exam

Top Courses for Computer Science Engineering (CSE)

SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer?
Question Description
SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? for Computer Science Engineering (CSE) 2024 is part of Computer Science Engineering (CSE) preparation. The Question and answers have been prepared according to the Computer Science Engineering (CSE) exam syllabus. Information about SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Computer Science Engineering (CSE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Computer Science Engineering (CSE). Download more important topics, notes, lectures and mock test series for Computer Science Engineering (CSE) Exam by signing up for free.
Here you can find the meaning of SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice SBI lent 1 lakh to farmer Kishan Singh at 6% per annum, at simple interest for a period of 10 years. Meanwhile, the bank offered a discount in the rate of interest, according to the Govt. policy for farmers. Thus, the rate of interest is decreased to 4% p.a. In this way, Kishan Singh had to pay a total amount 1.48 lakh. After how many years did Kishan Singh got the discount in the rate of interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Computer Science Engineering (CSE) tests.
Explore Courses for Computer Science Engineering (CSE) exam

Top Courses for Computer Science Engineering (CSE)

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev