- Have any questions?
- [email protected]
- Home
- At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years
Question 1:
At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years A. 1%
B. 2%
C. 3%
D. 4%
Feedback Let sum = x,Time = 10 years,S.I = 2x /5, [as per question]
Rate =( (100 * 2x) / (x*5*10))%
Rate = 4%
Rate =( (100 * 2x) / (x*5*10))%
Rate = 4%
These questions are from this test. Would you like to take a practice test?