ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



1 vote

If a sum of money amounts to Rs.12,900 and Rs.14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is

Asked on by | Votes 1 | Views: 947 | Tags: mathematics     | simple interest     | quantitative aptitude     | ssc     | Add Bounty

If a sum of money amounts to Rs.12,900 and Rs.14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is
1). 10%
2). 12%
3). 18%
4). 20%

SSC CGL Books


Share on Facebook      Share on Whatsapp       Share on Twitter




2 answers

1 vote
Answered by on | Votes 1 |
it from previous year ssc papers, option 3 is the right answer

Join Telegram Group




2 vote
Answered by on | Votes 2 |

I think it may be right answer

S.I. for 1 year
= 14250 – 12900 = Rs. 1350
S.I. for 4 years = 1350 × 4
= 5400
 Principal = 12900 – 5400
= 7500

R = $\frac{5400\times100}{7500\times4}$

= 18% per annum




Answer This Question

Name:
Email:
Answer :
Sum of (2+5)
Submit: