Multiple choice

The simple interest on a sum is 7/8 of the principal for 5 years. What is the rate (in percentage) of interest per annum? एक राशि पर 5 वर्ष का साधारण ब्याज मूलधन का 7/8 है। प्रतिवर्ष ब्याज की दर (प्रतिशत में) क्या है?

  1. 15

  2. 17.5

  3. 14

  4. 22.5
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (P×R×T)/100. Given SI = 7P/8 for T=5 years. So (7P/8) = (P×R×5)/100. Solving gives R = (7×100)/(8×5) = 17.5%.

Keep practicing — related questions