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
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
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%.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : The time required for a sum of money to amount to three times itself at 8% simple interest p.a. will be:
Question : In a certain duration of time, a sum becomes 2 times itself at the rate of 5% per annum simple interest. What will be the rate of interest if the same sum becomes 5 times itself in the same duration?
Question : A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times itself?
Question : A certain sum of money becomes triple itself in 26 years at simple interest. In how many years it will become five times of itself?
Question : The rate of simple interest at which a sum of money becomes five times its own value in eight years is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile