Practicing Success
A sum of money becomes 6 times in 25 years at simple interest. Find the rate of interest per annum. |
20% 15% 16% 25% |
20% |
ATQ, Principal : Amount 1 : 6 = 5 (S.I.) Total Rate of interest in 25 years = \(\frac{5}{1}\) × 100 = 500% Rate of interest per annum = \(\frac{500}{25}\) = 20% |