Arithmeticmedium · Past Paper
The simple interest on a sum for 5 years is 1/4 of the principal. The rate is:
A4%
B5%
C6%
D8%
✓ Correct Answer: B — 5%
SI = P/4. P/4 = (P*5*R)/100 => 1/4 = R/20 => R = 5%.
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