SSC CGL Model Paper 14

Question : 60 of 100

Marks: +1, -0

Simple interest received by a person in 10 years on a principal of Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum ?

Solution:

Let the rate of interest = r%
According to the question,

{9500×10×r}/100=9500×130/100

∴r=13%

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