Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

In a particular time, a sum becomes 6 times of itself on simple interest at the rate of 10% per annum. What is the rate of interest if the same sum becomes 16 times of itself in the same duration?

Options:

15%

22%

30%

45%

Correct Answer:

30%

Explanation:

                Principal   :  Amount   :    S.I.   ⇒     Rate

6 times ⇒        1       :        6       :     5     ⇒      10%

                                                         ⇓ ×3          ⇓ ×3

16 times ⇒        1       :        16      :     15     ⇒      30%