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Question

The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?

A 1% Correct Answer Incorrect Answer
B 1.5% Correct Answer Incorrect Answer
C 4% Correct Answer Incorrect Answer
D 2% Correct Answer Incorrect Answer
E none of these Correct Answer Incorrect Answer

Solution

R = (5000 x 100)/(50000 x 5) = 2% p.a.

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