Management Aptitude Test Sep 2013 Paper

Question : 104 of 200

Marks: +1, -0

The simple interest on a sum of money is 1/9 of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is

3%
0.33%
3.33%
2.3%

Validate

Solution:

Let rate of interest = Number of year = x
Also, if principal = P
Then, SI =

P/9

SI =

{P × R × T} /100

P/9

{P × x × x} /100

100/ 9= x^2

x =

√{100/9}=10/3

= 3.33

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