Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 54
A sum of ₹ 9800 gives simple interest of ₹ 4704 in 6 years. What will be the rate of interest per annum?
Solution
Given, Principal = Rs.9800
Simple Interest = Rs.4704
Time period = 6 years
Let the rate of interest be R%
$$\dfrac{9800\times R\times6}{100} = 4704$$
=> $$R = 8$$
Therefore, Rate of interest = 8%
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
