At What Rate Per Annum

At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 year?

  1. 5%
  2.  2%
  3.  1%
  4.  8%
Monis Rasool Professor Asked on 24th July 2015 in Maths.
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1 Answer(s)

Answer: (2) 2 %
Explanation:-
Let be the principal = Rs.X & Rate is R%.
According to the question,
X/5 = X x 10 x R/100
R = 100/100 x 5
R = 2 %
Hence, the answer is (2) 2 %.

Anurag Mishra Professor Answered on 25th July 2015.
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