Arithmeticmedium · Past Paper
A sum of Rs 12500 amounts to Rs 15500 in 4 years at simple interest. Find the rate.
A3%
B4%
C5%
D6%
✓ Correct Answer: D — 6%
I = 3000. R = (3000*100)/(12500*4) = 300000/50000 = 6%.
Share this question
More from Arithmetic
- The population of a city increases at 5% p.a. If current is 926100, what was it 3 years ago?
- A book was sold for Rs. 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then there would have been a:
- A sum of money double itself in 4 years at compound interest. In how many years will it become 8 times itself?
- Find the loss percentage if an article bought for Rs. 50 is sold for Rs. 40.
- If the radius of a circle is increased by 50%, find the percentage increase in its area.