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    3. Quantitative Aptitude
    4. Simple and compound interest
    5. The simple interest on a sum for 5 years is one-fourth of the sum. The rate of interest per annum is

    Question

    The simple interest on a sum for 5 years is one-fourth

    of the sum. The rate of interest per annum is.
    A 5% Correct Answer Incorrect Answer
    B 6% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 4% Correct Answer Incorrect Answer

    Solution

    SI = P/4 & SI = PRT/100 So P/4 = PRT/100 RT =25 R =25/T =25/5 = 5%

    Practice Next
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    Relevant for Exams:

    • SSC CGL
    • FCI Assistant Grade 3

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