New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A sum of ₹7,500 amounts to ₹11,700 in 8 years at a

    certain rate of simple interest. Find the rate of interest per annum.
    A 7% Correct Answer Incorrect Answer
    B 7.5% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer

    Solution

    P =7500, A =11700, T=8y SI=A-P=11700-7500 SI=4200, R=? = (4200×100)/7500×8 =21/3 =7% R=7%.

    Practice Next

    Relevant for Exams: