Question 62

If a sum becomes 4 times in 20 years what is the rate of simple interest given?

Solution

Share

Sum = $$\frac{P \times R \times T}{100}+P$$

4P = $$\frac{P \times R \times 20}{100} + P$$

4P = $$\frac{PR}{5} + P$$

R = 15%

Was this solution helpful?

Get AI Help

Create a FREE account and get:

  • Download RRB Study Material PDF
  • 45+ RRB previous papers with solutions PDF
  • 300+ Online RRB Tests for Free

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI