Multiple Choice Questions on A what rate of simple interest per annum does a person get an interest of Rs 4706 1 on the principal........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A what rate of simple interest per annum does a person get an interest of Rs 4706 1 on the principal...........

Quant (SSC) Simple Interest
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    A what rate of simple interest per annum does a person get an interest of Rs. 4706.1 on the principal amount of Rs. 11205 after 7 years ?

    4% pa

    Incorrect Answer

    6% pa

    Correct Answer

    8% pa

    Incorrect Answer

    12% pa

    Incorrect Answer
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    Explanation:

    SI = Rs. 4706.1; P = Rs. 11205; T = 7 years; R = ?
    R = SI x 100 / P x T
    = 4706.1 × 100 /11205 × 7 = 6% pa

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