Arithmeticmedium · Past Paper
If the simple interest on Rs 1 for 1 month is 1 paisa, what is the rate percent per annum?
A1%
B10%
C12%
D15%
✓ Correct Answer: C — 12%
I = 0.01, P = 1, T = 1/12. R = (0.01*100)/(1 * 1/12) = 1 * 12 = 12%.
Share this question
More from Arithmetic
- A bag bought for Rs. 1200 is sold at 12% profit. Find the profit amount.
- If x:y = 3:4, find (x^2 + y) : (y^2 + x)? No, let's do (3x+2y) : (5x+y).
- A candidate scores 35% and fails by 40 marks, while another scores 60% and gets 35 marks more than minimum passing marks. Find maximum marks.
- What is 40% of 15% of Rs. 600?
- What is the ratio of the volume of a cylinder to a cone of same height and radius?