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  • Quantitative Aptitude (Level Easy)
  • A simple interest amount of rs 5000 for six month is rs 2...
Multiple choice

A simple interest amount of rs 5000 for six month is rs 200. what is the annual rate of interest?

  1. 10%

  2. 6%

  3. 8%

  4. 9%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = P × R × T. 200 = 5000 × R × (6/12). Solving: 200 = 2500R → R = 200/2500 = 0.08 = 8% annually.

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