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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
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- 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%