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SSC Sample Paper SSC (Group-C) Sample Test Paper-3

  • question_answer
    A money lender claims to lend money at the rate of 10% per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually?

    A)  10%             

    B)  \[10\frac{1}{9}%\]

    C)  11%             

    D)  \[11\frac{1}{9}%\]

    Correct Answer: D

    Solution :

     Let the principal be Rs. 100 Interest = Rs. 10 Actual principal = Rs. 90 \[\therefore \] Interest on Rs. 90 = Rs. 10 \[\therefore \] Interest on Rs. \[100=\frac{10}{90}\times 100\] \[=\frac{100}{9}=11\frac{1}{9}%\]


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