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%

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