The interest earned on ₹ 15000 in 3 years at simple interest is ₹ 5400. Find the rate of interest per annum… · ABC26GN4107

Subject: General Aptitude · Chapter: Simple Interest

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.

Study loop for Simple Interest

1. Practise the PYQsPrevious-year questions, with answers

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