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SSC Sample Paper Mock Test-16 SSC CGL Tear-II Paper-1

  • question_answer
    The simple interest on a sum for 5 yr is one-fourth of the sum. The rate of interest per annum is

    A) 5%       

    B)  6%

    C)  4%

    D)  8%

    Correct Answer: A

    Solution :

    Simple interest \[=\frac{\text{Prinicipal }\!\!\times\!\!\text{ Rate }\!\!\times\!\!\text{ Time}}{\text{100}}\] \[\therefore \]      \[\frac{x}{4}=\frac{x\times r\times 5}{100}\] \[\Rightarrow \]   \[r=\frac{100}{4\times 5}\]\[\Rightarrow \]\[r=5%\]


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