Multiple Choice Questions on Simple interest on a certain sum is 16 25 of the sum Find the rate percent and time If both are nume........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Simple interest on a certain sum is 16 25 of the sum Find the rate percent and time If both are nume...........

Quant (SSC) Simple Interest
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    Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.

    Rate = 7% and Time = 7 years.

    Incorrect Answer

    Rate = 8% and Time = 8 years.

    Correct Answer

    Rate = 6% and Time = 6 years.

    Incorrect Answer

    Rate = 5% and Time = 5 years.

    Incorrect Answer
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    Explanation:

    Let sum = X. Then S.I = 16x/25
    Let rate = R% and Time = R years.
    Therefore,  (x * R * R)/100 = 16x/25   =>  R = 40/5 = 8
    Therefore, Rate = 8% and Time = 8 years.

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