Multiple Choice Questions on A sum of 5000 is invested in which the investor gets 800 as simple interest at the rate of 4 percent........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of 5000 is invested in which the investor gets 800 as simple interest at the rate of 4 percent...........

Quantitative Aptitude ( CCS) Simple Interest
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    A sum of 5000 is invested in which the investor gets 800 as simple interest at the rate of 4 percent per annum. To get an interest of 2000 rupees on the same sum in the same number of years, what will be the rate of interest?

    5%

    Incorrect Answer

    10%

    Correct Answer

    15%

    Incorrect Answer

    20%

    Incorrect Answer
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    Explanation:

    800 = 5000*(4/100)*t, we got t = 4 years
    now, 2000 = 5000*(r/100)*4, we get r = 10%

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