Question

The simple interest on a sum equals 1/10 of itself in 4 years. Then the rate of interest will be

• A. 2 1/2%
• B. 1 1/2%
• C. 2 3/4%
• D. 3 1/4%

Answer 1

Answer:

A. 2 1/2%

n = 4 Principal =P Interest =P/10 PNR /100 =1 (PX4XR)/100 =P/10 R=2 1/2%