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SSC Sample Paper SSC CGL - Sample Paper-20

  • question_answer
    The simple interest on a sum after 4 yr is \[\frac{1}{5}\] of the sum. The rate of interest per annum is

    A) 4%                               

    B) 5%

    C) 6%                   

    D) 8%

    Correct Answer: B

    Solution :

    Principal \[=Rs.\,100\] \[\text{SI}-100\times \frac{1}{5}=Rs.\,20\] Rate \[=\frac{20\times 100}{100\times 4}=5%\]


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