SSC
Sample Paper
SSC (Group-C) Sample Test Paper-5
question_answer
The rate of interest per annum at which the total simple interest of a certain capital for 1 year is equal to the total simple interest of the same capital at the rate of 5% per annum for 2 years, is
A) 1%
B) 10%
C) 25%
D) 12.5%
Correct Answer:
B
Solution :
In case II. Time = 2 years \[\therefore \] In case I, Rate\[~=2\times 5=10%\]