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

Share on Whatsapp Share on Whatsapp

Video Solution

video

Click on the Email ☝️ to Watch the Video Solution

Create a FREE account and get:

All Quant Formulas and shortcuts PDF
170+ previous papers with solutions PDF
Top 5000+ MBA exam Solved Questions for Free

SNAP Quant Questions | SNAP Quantitative Ability

SNAP Data Sufficiency Questions SNAP Geometry Questions SNAP Logarithms, Surds and Indices Questions SNAP Inequalities Questions SNAP Probability, Combinatorics Questions

SNAP DILR Questions | LRDI Questions For SNAP

SNAP Logical Reasoning Questions SNAP Data Interpretation Questions

SNAP Verbal Ability Questions | VARC Questions For SNAP

SNAP Para Summary Questions SNAP Para Jumbles Questions SNAP Reading Comprehension Questions SNAP Grammar and Sentence Correction Questions SNAP Vocabulary Questions

Also Read

SNAP Syllabus

SNAP Admit Card

SNAP Cutoffs

SNAP Eligibility Criteria

SNAP Exam Dates

SNAP Colleges List

SNAP Study Material

SNAP Registration

SNAP Result

SNAP Previous Year Papers

SNAP Crash Course

SNAP Mock Tests

Follow us on

Boost your Prep!

Download App