SSC CGL Model Paper 15

Question : 59 of 100

Marks: +1, -0

A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

Solution:

3 years SI = 12005 - 9800 = 2205
1 year SI = 735
5 year SI = 3675
Principal = 9800 - 3675 = 6125
Rate

=735/6125×100=12%

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