Question : The rate at which a sum becomes four times itself in 12 years, at simple interest, will be:
Option 1: 20%
Option 2: 25%
Option 3: 35%
Option 4: 30%
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: 25%
Solution :
Let the sum be $P$.
Simple interest $=4P - P = 3P$
Time = 12 years
We know, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$
⇒ Rate = $\frac{3P \times 100}{P \times 12}$
$\therefore$ Rate = 25%
Hence, the correct answer is 25%.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CGL
