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8th Class Mathematics Comparing Quantities Question Bank Commercial Mathematics

  • question_answer
    DIRECTIONS: Passage-4 Read the passage(s) given below and answer the questions that follow. Rs. 2000 amounts to Rs. 2600 in five years at a certain rate of simple interest. What is the rate of interest per annum?

    A) 5%                  

    B)          6%

    C) 4%                  

    D)          8%

    Correct Answer: B

    Solution :

    Rate of interest \[=\frac{S.I\times 100}{P\times T}\] \[R=\frac{600\times 100}{2000\times 5}\] R = 6% p.a. Rate of interest is 6%.


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