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The simple interest on a sum of money is 8/25 of the sum. If the number of years is numerically half the rate percent per annum, then the rate percent per annumis
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- 8
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6 1 4
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Correct Option: B
Let Rate = R% per annum
∴ Time = | years. | |
2 |
∴ Rate = | |
Principal × Time |
⇒ R = | × | ||
25 | ( R/2 ) |
⇒ R² = | = 64 | |
25 |
⇒ R = √64 = 8% per annum