Telesales Associate Interview Questions and Answers for Freshers

It will take 6 years for Rs 450 to yield Rs 81 as interest at the rate of 4.5% per annum of simple interest.

• To calculate the time required, we can use the formula: Time = (Interest * 100) / (Principal * Rate)

• Substituting the given values: Time = (81 * 100) / (450 * 4.5)

• Simplifying the equation: Time = 6 years

The rate of interest is 6%.

• To find the rate of interest, we can use the formula: Simple Interest = (Principal * Rate * Time) / 100

• Given that the principal amount is Rs 12500, the final amount is Rs 15500, and the time is 4 years.

• Substituting the values into the formula, we get: 15500 = (12500 * Rate * 4) / 100

• Simplifying the equation, we have: 15500 = 500 * Rate

• Dividing both sides by 500, we find: Rate = 15500 / 500 = 31

• Therefore, the rate of interest is 31%.

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