SSC CGL 7 Sep 2016 Paper

Question : 60 of 100

Marks: +1, -0

If the simple interest on Re. 1 for 1 month is 1 paisa, then the rate per cent per annum will be

Solution:

Rate =

{S.I. × 100}/{\Principlal × \Time}

{1/{100}×100}/{1×1/{12}}

= 12% p.a.

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