Question

What sum of money will amount to ₹27930 at the rate of 10% per annum simple interest in 3 years?

Answer 1

At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years

1%

2%

3%

4%

Answer: Option D

Explanation:

Let sum = x

Time = 10 years.

S.I = 2x /5, [as per question]

Rate =( (100 * 2x) / (x*5*10))%

=> Rate = 4%