Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The simple interest on Rs.1650 increases by Rs.495 when the time increases by 3 years. Find the rate of interest per annum.

Options:

12%

20%

10%

15%

Correct Answer:

10%

Explanation:

The increase in interest is due to time

⇒ \(\frac{1650\;×\;3\;×\;rate}{100}\) = 495

 rate = 10%