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    Question

    In 5 years, the simple interest on an amount of Rs X is

    2th/5 of the principal. The rate of interest per annum is :
    A 12% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 5% Correct Answer Incorrect Answer

    Solution

    ATQ, we can say that Simple Interest = 2/5 th of the Sum i.e 40% Simple Interest is An Arithmetic Progression So , Simple Interest in 5 years = 40% Simple Interest in 1 year = (40/5) = 8% Therefore Rate Percent Per Annum = 8%

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