The rate of simple interest for which Rs 9 000 will amount to Rs 10 200 in 4 years is ........

Quantitative Aptitude (CGL) Simple Interest

The rate of simple interest for which Rs.9,000 will amount to Rs.10,200 in 4 years is:

This questions was previously asked in

ssc cgl 2023 pre

4 ??/?? %

7 ??/?? %

5 ??/?? %

3 ??/?? %

- To find the rate of simple interest, use the formula:

Simple Interest = Principal × Rate × Time / 100

- Here, the Principal (P) is Rs. 9,000, the Amount (A) is Rs. 10,200, and Time (T) is 4 years.

- The Interest (I) can be calculated as A - P, which is Rs. 10,200 - Rs. 9,000 = Rs. 1,200.

- Substitute back into the simple interest formula:

1,200 = (9,000 × Rate × 4) / 100

- Solving for Rate gives:

Rate = (1,200 × 100) / (9,000 × 4) = 3.33... approximately 3 1/3%.

- Verdict: Option:4 is 3 1/3%.

Submit Error