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- The simple interest on a certain sum of money at the rate of 5% p.
Question 1:
The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Rs. 840. At what rate of intrest the same amount of interest can be received on the same sum after 5 years. A. 8%
Feedback P=S.I.x100/RxT
Required Rate = 840x100/5x2100,R=8%
Required Rate = 840x100/5x2100,R=8%
B. 7%
C. 6%
D. 5%
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