Postal or Sorting Assistants Model Paper 1 With Solutions

Question : 9 of 100

Marks: +1, -0

₹ 58,750 amounts to ₹79,900 in four years at simple interest. What is the rate of interest paid ?

Solution:

S.I. = 79900-58750
= ₹21150
Rate

=\text"S.L×lOO"/\text"Principal x Time"

{21150×100}/{58750×4}

= 9% per annum

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