Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of money becomes 6 times in 25 years at simple interest. Find the rate of interest per annum.

Options:

20%

15%

16%

25%

Correct Answer:

20%

Explanation:

 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%