Multiple Choice Questions on A sum of money will be four times in 20 years at simple interest Find the rate of interest ........ for CDS Exam Preparation

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Multiple Choice Questions

A sum of money will be four times in 20 years at simple interest Find the rate of interest ........

Quantitative Aptitude (CDS) Simple Interest
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    A sum of money will be four times in 20 years at simple interest. Find the rate of interest.

    10%

    Incorrect Answer

    16%

    Incorrect Answer

    18%

    Incorrect Answer

    15%

    Correct Answer
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    Explanation:

     Amount after 20 years =4P

    S.I. =4P -P =3P

    3P=P×R×20/100=R/5

     R=15%

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