Challenger App

No.1 PSC Learning App

1M+ Downloads
The simple interest on a sum equals 1/10 of itself in 4 years. Then the rate of interest will be

A2 1/2%

B1 1/2%

C2 3/4%

D3 1/4%

Answer:

A. 2 1/2%

Read Explanation:

n = 4 Principal =P Interest =P/10 PNR /100 =1 (PX4XR)/100 =P/10 R=2 1/2%


Related Questions:

The simple interest received on a certain amount is equal to the principal. If the time period is equal to the rate of interest. Find the rate of interest per annum?
In how many years a sum will be thrice of it, if it is deposited at simple interest of 10%
A sum of money doubles it self in 5 years at a simple interest. Then what is the rate of interest ?
A sum, when invested at 12.5% simple interest per annum, amounts to 8,250 after 2 years. What is the simple interest?
587 രൂപ സാധാരണ പലിശ കണക്കാക്കുന്ന ബാങ്കിൽ നിക്ഷേപിച്ചു. അഞ്ചുവർഷം പൂർത്തിയായപ്പോൾ പലിശയും മുതലും തുല്യമായി. എങ്കിൽ 100 രൂപ ഒരു വർഷ ത്തേക്ക് നിക്ഷേപിച്ചാൽ ലഭിക്കുന്ന പലിശ എത്ര ?