Multiple Choice Questions on Simple Interest on a certain sum at a certain annual rate of interest is 16 of the sum If the number........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Simple Interest on a certain sum at a certain annual rate of interest is 16 of the sum If the number...........

Quantitative Aptitude ( CCS) Simple Interest
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    Simple Interest on a certain sum at a certain annual rate of interest is 16% of the sum. If the numbers representing rate per cent and time in years be equal, then the rate of interest is?

    2%

    Incorrect Answer

    4%

    Correct Answer

    6%

    Incorrect Answer

    8%

    Incorrect Answer
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    Explanation:

    SI = 16% of P
    R = T = x
    SI = [P*N*R]/100
    4P/25 = [P*x2]/100
    x = 4%

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