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    • Question

      At what % of simple interest per annum will Rs. 600

      amount to Rs. 720 in five years?
      A 5% Correct Answer Incorrect Answer
      B 8% Correct Answer Incorrect Answer
      C 4% Correct Answer Incorrect Answer
      D 6% Correct Answer Incorrect Answer

      Solution

      According to the question, P = Rs 600 T = 5 years ∴  720 – 600 = (600 × R × 5)/100 ⇒  R = 12000/3000 = 4%

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