Question

At simple interest a sum becomes of itself in 5 years. The rate of interest percent per annum is
a) 8% b) 5% c) 10% d) 12%

Answer 1

Answer:

5% is the answer of this question

Answer 2

ANSWER IS = a) 8%

explanation = According to given condition the 2/5 or (2*100)/5 or 40% simple interest has been received on principal amount in 5 years. Rate of interest per year or annually will be 40/5 = 8%..