Mathematics · Aptitude and Numerical Ability
A customer uses a RuPay Contactless card for a 'Tap and Go' payment at a metro station. The transaction amount is 40 Rupees. According to RBI guidelines, contactless payments up to a certain limit do not require a PIN. If the customer performs 10 such transactions in a day, and the daily cumulative limit for PIN-less contactless transactions is 5,000 Rupees, calculate what percentage of this daily cumulative limit has been utilized.
- 10.4%
- 24%
- 38%✓
- 40.8%
Correct answer
8%
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