Question

A sum of money amounts to Rs. 5600 in 5 years at simple interest. If the principal is Rs. 4000, find the rate of interest per annum.

A 8%
B 2%
C 10%
D 14%
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)