SSC CGL 30 Aug 2015 Paper

Question : 102 of 200

Marks: +1, -0

If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is

Solution:

Principal : Interest = 25 : 1
⇒ Interest : Principal = 1 : 25
∴ Rate =

{S.I.×10}/{\Principla×\Time}

1/{25}

× 100 = 4% per annum

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