QA – Placement Quizzes | Simple Interest | Question 10

A sum of Rs.468.75 was lent out at simple interest and at the end of 1 2/3 year the SI earned is Rs 31.25. Find the rate of interest per cent annum.
(A) 5
(B) 4
(C) 4.25
(D) 6


Answer: (B)

Explanation: R=SI. 100/P.T
= (31.25 X 100)/(468.75 X 5/3)
= 4

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