SIMPLE INTEREST APTITUDE QUESTIONS AND ANSWERS

SIMPLE INTEREST QUESTIONS AND ANSWERS 7 to 9

7. A sum of money becomes (875) of itself in 5 years at a certain rate of interest. The rate per cent per annum is:

10%

12%

8. A sum of money will double itself in 16 years at simple interest with yearly rate of:

10%

6 %

16%

9. A certain sum of money at simple interest amounts to Rs. 1012 in 2 years. The rate of interest per annum is:

2.5%

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