Multiple Choice Questions on What is the rate of simple interest for the first 4years if the sum of Rs 360 becomes Rs 540 in 9 ye........... for CDS Exam Preparation

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Multiple Choice Questions

What is the rate of simple interest for the first 4years if the sum of Rs 360 becomes Rs 540 in 9 ye...........

Quantitative Aptitude (CDS) Simple Interest
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    What is the rate of simple interest for the first 4years if the sum of Rs.360 becomes Rs.540 in 9 years and the rate of interest for the last 5 years is 6%? 

    8%

    Incorrect Answer

    6.25%

    Correct Answer

    7%

    Incorrect Answer

    10%

    Incorrect Answer
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    Explanation:

    Simple interest=540-360=180
    180=360×r×4/100 +360×6×5/100
    90=144×r/10
    r=900/144
    r=6.25%

    By: bhavesh kumar singh
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