Practicing Success
In a certain duration of time, a sum become 2 times itself at the rate of 5% per annum simple interest. What will be the rate of interest if the same sum becomes 5 times itself in the same duration? |
20 Percent 16 Percent 10 Percent 18 Percent |
20 Percent |
Let Principal (P) = 1R ATQ, Principal : Amount : S.I : Rate i) Double: 1 : 2 : 1 : 5% ⇓×4 ⇓×4 ii) 5 times: 1 : 5 : 4 : 20% |