📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    If the ratio of the sum invested and simple interest

    received after 1 year is 20:7 respectively, then find the rate of interest.
    A 45% Correct Answer Incorrect Answer
    B 28% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 65% Correct Answer Incorrect Answer

    Solution

    Let the sum invested and simple interest received be Rs.20x and Rs.7x respectively. Let the rate of investment be r% p.a. Therefore, {(20x x 1 x r)/100} = 7x => r = 35%

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call