On a certain sum of money at a certain rate of interest, the simple in – McqOptions

MCQOPTIONS

1.	On a certain sum of money at a certain rate of interest, the simple interest for two years is Rs 120 and the compound interest is Rs 129, then what will be the rate of interest?
A.	15 %
B.	12.5 %
C.	9 %
D.	51 %
Answer» B. 12.5 %

Discussion

No Comment Found

Related MCQs

A certain sum of money lent out at simple interest amounts to 1380 in 3 years and 1500 in 5 years. Find the rate per cent per annum.
How much simple interest will Rs.4000 earn in 18 months at 12% per annum?
In what time will the simple interest be 2/5 of the principal at 8 percent per annum?
The simple interest on 4,000 in 3 years at the rate of x % per annum equals the simple interest on 5,000 at the rate of 12% per annum in 2 years. The value of x is
On a certain sum of money at a certain rate of interest, the simple interest for two years is Rs 120 and the compound interest is Rs 129, then what will be the rate of interest?