-
On a certain sum, the simple interest at the end of 6 1 years becomes 4 3 of the sum. The rate of interest is 8
-
- 5%
- 6%
- 7%
- 8%
- 5%
Correct Option: B
According to question ,
| = | ||
| Principal | 8 |
| ∴ Rate = | |
| Principal × Time |
| Rate = | × | ||
| 8 | (25 / 4) |
| Rate = | × | ||
| 8 | 25 |
Rate = 6% per annum
Second method to solve this question :
| Here, n = | , T = | Years. | ||
| 8 | 4 |
| R = | |
| T |
| R = | × | ||
| 8 | ( 25 / 4 ) |
R = 6%