Multiple Choice Questions on A sum of money becomes 7 6 of itself in 3 years at a certain rate of simple interest The rate per an........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money becomes 7 6 of itself in 3 years at a certain rate of simple interest The rate per an...........

Quant (SSC) Simple Interest
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    A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is ?

    45/7 %

    Incorrect Answer

    50/9 %

    Correct Answer

    51/7 %

    Incorrect Answer

    47/ 9 %

    Incorrect Answer
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    Explanation:

    Let sum = S. Then, amount = 7S/6
    S.I. = 7S/6 - S = S/6; Time = 3 years.
    Rate = (100 x S) / (S x 6 x 3) = 5 5/9 = 50/9 %.

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