RRB Junior Engineer Stage 1 Model Papers 7

Question : 15 of 100

Marks: +1, -0

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

Solution:

{\text "Simple Interest"}/{\text "principal"}=1

∴Rate={S.I×100}/{\Principal × Time}

{1×100}/{4×5}=5%

per annum

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