A certain sum of money amounts to 7/4 of itself in 6 years. The rate percent p.a. is

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20 Jul 2020 Simple Interest

A certain sum of money amounts to 7/4 of itself in 6 years. The rate percent p.a. is

OPtion

1) 15.0
2) 12.5
3) 25.0
4) 22.5
5) 12.0
6) 10.0
7) 11.0
8) 14.0
9) 16.0
10) None of these

Solution

R = [100(7/4-1)]/6
=> 100*(3/4)*1/6
=> 100/8 = 12.5

Correct Option: 2 Best Solution (0)