-
The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is
-
- 5%
- 6%
- 4%
- 8%
- 5%
Correct Option: A
As per the given in question ,
| = | ||
| Principal | 4 |
| ∴ Rate = | |
| Principal × Time |
| = | = 5% per annum | |
| 4 × 5 |
Second method to solve this question :
| Here, n = | , T = 5 years, | |
| 4 |
| R = | |
| T |
| R = | × | ||
| 4 | 5 |
R = 5%
