Question 81
In 4 years, the SI on a certain sum of money is $$\frac{7}{25}$$ of the principal. What is the annual rate of interest?
Solution
SI = $$\frac{PTR}{100}$$
Given SI = 7/25P when t=4
$$\frac{7}{25}P\ =\frac{4PR}{100}$$
=> R=7
Get AI Help?
Video Solution
Click on the Email ☝️ to Watch the Video Solution
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 200+ previous papers with solutions PDF
- Top 5000+ MBA exam Solved Questions for Free
SNAP Quant Questions | SNAP Quantitative Ability
SNAP Progressions and Series QuestionsSNAP Time, Speed and Distance QuestionsSNAP Profit and Loss QuestionsSNAP Data Sufficiency QuestionsSNAP Logarithms, Surds and Indices Questions
SNAP DILR Questions | LRDI Questions For SNAP
SNAP Verbal Ability Questions | VARC Questions For SNAP
Free SNAP Quant Questions
SNAP Quadratic EquationsSNAP Data SufficiencySNAP Number SystemsSNAP Functions, Graphs and StatisticsSNAP Linear EquationsSNAP Venn DiagramsSNAP GeometrySNAP Logarithms, Surds and IndicesSNAP Time, Speed and DistanceSNAP Profit and LossSNAP Progressions and SeriesSNAP Averages, Ratio and ProportionSNAP Probability, CombinatoricsSNAP Inequalities
