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    • Question

      A sum on simple interest becomes 9/4 times of itself in

      five years, find the rate of interest.
      A 12% Correct Answer Incorrect Answer
      B 25% Correct Answer Incorrect Answer
      C 28% Correct Answer Incorrect Answer
      D 15% Correct Answer Incorrect Answer

      Solution

      Let the principle be Rs.x. So, interest = (9x/4) – x = 5x/4 Time = 5 years => SI = PRT/100 => 5x/4 = (x x 5 x R)/100 => R = 25%

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