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      Question

      A certain sum gives the interest equals to

      3/5th of the sum when invested for 5 years at simple interest. Find the rate of simple interest.
      A 15% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 12% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      Let the sum invested be Rs. x and the rate of the interest be r% p.a. According to the question, (x × 5 × r)/100 = 3x/5 Or, r = 12%

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