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    Question

    Simple interest on a sum of money for 2 years is 1/5th of the sum, then the interest received in 5 years on same principal will be what time of the principal?

    A 1/2 Correct Answer Incorrect Answer
    B 1/3 Correct Answer Incorrect Answer
    C 3/4 Correct Answer Incorrect Answer
    D 2/3 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the principal be = Rs 100 So simple interest for 2 years = 100 × 1/5 = Rs 20 So interest rate % = 200/(2 ×100)× 100 = 10% Interest received in 5 years = (100 ×10 ×5)/100 = Rs 50 So interest received in 5 years = Rs 50 which is 1/2 of the principal. Alternative method : 2 years interest = 1/5 times of principal 1 year interest = 1/10 times of principal 5 years interest = 1/10 × 5 = 1/2

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