Question
The simple interest on a sum of Rs X in 5 years is 4/5
of the principal. What is the annual rate of interest?Solution
Let rate = R% (X × R ×5)/100 = 4x/5 R= 400/25 = 16%
More Simple and compound interest Questions
- Find the wrong number in the given number series.
226, 353, 522, 739, 990, 1341 420, 380, 340, 300, 280, 220, 180
- Find the wrong number in the given number series.
4, 10, 22, 46, 92, 186 2, 4, 16, 48, 240, 1440, 10080
4Â Â Â Â Â 6Â Â Â Â Â Â 12Â Â Â Â Â 30 Â Â Â Â Â Â 90 Â Â Â Â Â Â Â 310
...- 2024, 1583, 1193, 822, 498, 209
5, 6, 8, 16, 38, 158
11, 92, 156, 205, 241, 266
126Â Â Â Â Â 130 Â Â Â Â Â 114 Â Â Â Â Â Â 150Â Â Â Â Â 82 Â Â Â Â Â 186 Â Â Â Â Â 42
...8, 17, 35, 71, 143, 287
