Multiple Choice Questions on S I for a sum of 1550 for 2 years rupees 20 more than the S I for 1450 for the same duration Find th........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

S I for a sum of 1550 for 2 years rupees 20 more than the S I for 1450 for the same duration Find th...........

Quant (SSC) Simple Interest
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    S.I for a sum of 1550 for 2 years rupees 20 more than the S.I for 1450 for the same duration. Find the rate of interest.

    5%

    Incorrect Answer

    10%

    Correct Answer

    15%

    Incorrect Answer

    20%

    Incorrect Answer
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    Explanation:

    According to question, we get
    S.I. on 1550 – S.I. on 1450 = 20
    1550 × R × 2 /100 - 1450 × R × 2 /100 = 20
    100 × R × 2 /100 = 20
    R = 10%

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