ABC26GN3989 · Simple Interest

Subject: General Aptitude · Chapter: Simple Interest · Exam: · Marks: · Difficulty:

On a certain sum, the simple interest at the end of 12 years becomes of the sum. What is the rate of 2 4 interest p.c.p.a? (Bank P.O., 2009) 3 1

Answer

Answer (as printed):

Explanation

Let principal = P. Then, S.I. = P and T = 12 yrs. 4 2  3   100 × 4 P   100 × 3 × 2  \ Rate =   %=  % = 6%.  P × 25   4 × 25   2  1

Explanation as extracted from the printed page; notation may be imperfect.