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6. The simple interest on a sum of money is of the principal and the number of years is equal to the rate per cent per annum. The rate percent per annum is:
A. 3
B.
C. 3
D.
Explanation: ANSWER : 3
7. In how many years will a sum of money double itself at 12% per annum:
A. 6 years 9 months
B. 8 years 3 months
C. 7 years 6 months
D. 8 years 6 months
Explanation: ANSWER : 8 years 6 months
8. A sun of money, put at simple interest trebles itself in 15 years. The rate percent per annum is:
A. 13 %
B. 16 %
C. 12 %
D. 20%
Explanation: ANSWER : 13%
9. A certain sum of money at simple interest amounts of Rs. 1260 in 2 years and to Rs. 1350 in 5 years. The rate percent per annum is:
A. 2.5%
B. 5%
C. 3.75%
D. 7.5%
Explanation: ANSWER : 2.5%
10. At simple interest, a sum doubles after 20 years. The rate of interest per annum is :
A. 5%
B. 20%
C. 12%
D. date inadequate
Explanation: ANSWER : 5%