Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The SI on a sum is 80% of the principal. The time for which money was lent is \(\frac{4}{5}\) of the numerical value of rate percent per annum. What is the rate percent per annum?

Options:

20%

10%

5%

25%

Correct Answer:

10%

Explanation:

SI = \(\frac{PRT}{100}\)                                 ∵   T = \(\frac{4}{5}\)R

80%P = \(\frac{PR}{100}\) × \(\frac{4R}{5}\) ⇒ \(\frac{80P}{100}\) = \(\frac{P×4R^2}{100×5}\)

⇒  R = 10%