If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of

Question

If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is

Options:

A . 25%

B . 4%

C . 20%

D . 5%

Answer: Option B
Answer: (b)Using Rule 1,Principal : Interest = 25 : 1Interest : Principal = 1 : 25Rate = $\text"S.I. × 100"/ \text"Principal × Time"$= $1/25$ × 100 = 4% per annum

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