πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      The simple interest on a sum of money is four times the

      principal. The rate per cent per annum and time in years are equal. Find the rate per cent per annum.
      A 10% Correct Answer Incorrect Answer
      B 12% Correct Answer Incorrect Answer
      C 15% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      Let Principal =P SI =4P Rate=time=r SI =Prt/100 4P=PΓ—rΓ—r/100 Pr2/100 =4P r2=400 r=20%

      Practice Next
      ask-question