Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

If the ratio of principal and the simple interest after 5 years is 4 : 3, then the rate of interest p.a. is:

Options:

6%

8%

10%

15%

Correct Answer:

15%

Explanation:

Total interest \(\Rightarrow \) \(\frac{3}{4}\) × 100 = 75%

Total Interest = Rate p.a. × time

75% =  Rate p.a × 5years

Rate p.a. = 15%