SSC CGL 31 Aug 2016 Paper

Question : 65 of 100

Marks: +1, -0

The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is

Solution:

According to the question,

{S.I.}/{\Principle}

2/5

Rate =

{S.I.×100}/{\Principal × \Time}

2/5

{10}/5

= 8% per annum
= 0.08 per annum

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