ABC26GN4107 · Simple Interest

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

The interest earned on ₹ 15000 in 3 years at simple interest is ₹ 5400. Find the rate of interest per annum (IBPS-RRB Office Assistant (Online) Exam, 2015]
(a)11.5\%
(b)12\%
(c)12.5\%
(d)15\%
Answer
Answer (as printed): B
Explanation
Rate = = Principal×Time 15000 × 3 = 12% per annum.

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

Open in whiteboard · Browse this chapter in the app