Practice mode Simple Interest

The ratio of a principal to its amount at simple interest at the end of 4 years is 5 : 7. What is the rate of interest per annum?

Correct answer D. 10%

Explanation

If P = 5k, amount = 7k and SI = 2k. R = 2k × 100 / (5k × 4) = 10% per annum.

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