Question

    The simple interest on a sum of Rs X in 5 years is

    (2/5)of the principal. What is the annual rate of interest?
    A 8% Correct Answer Incorrect Answer
    B 14% Correct Answer Incorrect Answer
    C 16% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    Let the value of X =100 So simple interest =100×2/5=40. Rate = (40×100)/100×5 =8%

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