Multiple Choice Questions on The simple interest on a sum for 5 years is two fifth of the sum The rate of interest per annum is ........ for SSC CGL Exam Preparation

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Multiple Choice Questions

The simple interest on a sum for 5 years is two fifth of the sum The rate of interest per annum is ........

Quantitative Aptitude (CGL) Simple Interest
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    The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is

    0.1

    Incorrect Answer

    0.08

    Correct Answer

    0.06

    Incorrect Answer

    0.04

    Incorrect Answer
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    Explanation:

    SI=PRT/100;
    SI= 2/5 * P;
    R= (2/5 * 100)/5 = 8%= 0.08.

    By: MIRZA SADDAM HUSSAIN
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