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SSC Sample Paper SSC CGL - Sample Paper-30

  • question_answer
    A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 yr and 3 months. The rate of interest per annum is

    A) \[5\frac{1}{2}%\]                      

    B) 8%

    C) 7%                   

    D) 6%

    Correct Answer: C

    Solution :

    Given that \[P=Rs.1600\] \[\text{SI}=Rs.\,252\] and       \[t=2\,yr\] and 3 months \[=2\frac{1}{4}yr\] \[\therefore \]      \[252=\frac{1600\times r\times 9}{100\times 4}\] \[\Rightarrow \]   \[r=\frac{252\times 100\times 4}{1600\times 9}=7\] \[\therefore \] Required rate of interest \[=7%\]       


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