Question
Simple interest on a certain sum for 4 years is $12/25$ of the sum. The rate of interest is
Answer: Option C
Answer: (c)Rate = ${\text"SI" × 100}/\text"Principal × Time"$= $12/25 × 100/4$ = 12% per annumUsing Rule 5,Here, n = $12/25$, T = 4 years.R = ${n × 100}/T$R = $12/25 × 100/4$R = 12%
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Answer: (c)Rate = ${\text"SI" × 100}/\text"Principal × Time"$= $12/25 × 100/4$ = 12% per annumUsing Rule 5,Here, n = $12/25$, T = 4 years.R = ${n × 100}/T$R = $12/25 × 100/4$R = 12%
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