SSC MTS Model Paper 7

Question : 87 of 99

Marks: +1, -0

The rate of interest per annum at which the total simple interest of a certain capital for 1 year is equal to the total simple interest of the same capital at the rate of 5% per annum for 2 years, is

$5/2$ %
10%
25%
12.5%

Validate

Solution:

(b)

{ { P×r } × 1 } /{ 100 } = {{ P } × 5 ×2 }/ { 100 }

[ Capital is same in both cases]
r x 1 = x 2
= r = 10%

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