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    Question

    At what % of simple interest per annum will Rs. 320

    amount to Rs. 480 in five years?
    A 5% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    According to the question, P = Rs 320 T = 5 years ∴  480 – 320 = (320 × R × 5)/100 ⇒  R = 16000/1600 = 10%

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