What is the rate of simple interest for the first 4 years if the sum of Rs 650 becomes Rs 936 in 10 ...........

Quantitative Aptitude ( CCS) Simple Interest

What is the rate of simple interest for the first 4 years if the sum of Rs. 650 becomes Rs. 936 in 10 years and the rate of interest for the last 6 years is 4%?

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Explanation:

Interest for the last 6 years = (650*6*4)/100 = Rs. 156.
then Interest for year = 936-650 = 286;
So, interest for first four years = 286-156 = Rs. 130
r for first four years = (130*100)/650*4
r= 5%.

Hence, option 1 is the correct answer.

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