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SSC Sample Paper SSC CHSL (10+2) Sample Test Paper-10

  • question_answer
    A sum of money becomes \[\frac{7}{6}\] of itself in 3 years at a certain rate of simple interest. The rate per annum is:

    A) \[5\frac{5}{9}%\]                      

    B) \[6\frac{5}{9}%\]

    C) \[18%~\]                                  

    D) \[25%\]

    Correct Answer: A

    Solution :

    According to question, Amount \[=\frac{7}{6}\times P\] \[\therefore \] Interest \[=\frac{7P}{6}-P=\frac{1}{6}P\] \[\therefore \,\frac{P}{6}=\frac{P\times 3\times x}{100}\] (Let rate = x %) \[\therefore \,\,x=\frac{100}{18}=5\frac{5}{9}%\]


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