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

  • google app store apple app store
  • âś–

      Question

      If the ratio of the sum invested and simple interest

      received after 1 year is 20:11 respectively, then find the rate of interest.
      A 44% Correct Answer Incorrect Answer
      B 24% Correct Answer Incorrect Answer
      C 36% Correct Answer Incorrect Answer
      D 55% Correct Answer Incorrect Answer

      Solution

      Let the sum invested and simple interest received be Rs.20x and Rs.11x respectively. Let the rate of investment be r% p.a. Therefore, {(20x x 1 x r)/100} = 11x => r = 55%

      Practice Next

      Relevant for Exams:

      ask-question