SSC CGL 4 Sep 2016 Paper

Question : 57 of 100

Marks: +1, -0

If the simple interest on Rs. 400 for 10 years is Rs. 280, the rate of interest per annum is

Solution:

Rate =

{S.I. × 100}/{\Principal × \Time}

{280×100}/{400×10}

= 7% per annum

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