Multiple Choice Questions on A certain sum of money invested at 4 for 9 years yields Rs 1980 as simple interest At what rate of i........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A certain sum of money invested at 4 for 9 years yields Rs 1980 as simple interest At what rate of i...........

Quantitative Aptitude ( CCS) Simple Interest
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    A certain sum of money invested at 4% for 9 years yields Rs 1980 as simple interest. At what rate of interest the same amount can be received on the same sum after 6 years? 

    8.5%

    Incorrect Answer

    7%

    Incorrect Answer

    6.5%

    Incorrect Answer

    6%

    Correct Answer
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    Explanation:

    P*4*9/100 = 1980
    P = 5500
    So 5500*r*6/100 = 1980
    r=1980*100/5500*6
    =6%

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