Multiple Choice Questions on A certain sum of money amounts to 5 4 of itself in 5 years The percent p a is ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

A certain sum of money amounts to 5 4 of itself in 5 years The percent p a is ........

Quant (SSC) Simple Interest
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    A certain sum of money amounts to 5/4 of itself in 5 years. The percent p.a. is.

    6%

    Incorrect Answer

    5%

    Correct Answer
    4%
    Incorrect Answer

    8%

    Incorrect Answer
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    Explanation:

    Let the principal be x,
    Amount in 5 yrs = 5/4x
    Therefore, SI = (Amount – Principal) = 5/4x - x = 1/4x
    SI = P × R × T/100
    x/4 = x × R × 5 /100
    ⇒ R = 5%

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