Multiple Choice Questions on If the simple interest on Rs 400 for 10 years is Rs 280 then rate of interest per annum is ........ for SSC CGL Exam Preparation

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Multiple Choice Questions

If the simple interest on Rs 400 for 10 years is Rs 280 then rate of interest per annum is ........

Quantitative Aptitude (CGL) Simple Interest
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    If the simple interest on Rs. 400 for 10 years is Rs. 280, then rate of interest per annum is

    7%

    Correct Answer

    7.2%

    Incorrect Answer

    7.4%

    Incorrect Answer

    7.8%

    Incorrect Answer
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    Explanation:

    I = PRT/100;
    R = 280*100/(400*10) = 7%.

    By: MIRZA SADDAM HUSSAIN
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