Railways R.R.C. (Jabalpur) Solved Paper Held on 1st Shift 30-11-2014

  • question_answer The simple interest accrued in 9 years on a principal of Rs. 24, 250 is 162 per cent of the principal. What is the rate of interest per cent per annum?

    A) 16                                

    B) 22

    C) 18                                

    D) None of these

    Correct Answer: C

    Solution :

    Suppose rate of interest r% per annum.   Then,              \[\frac{162}{100}\times 24250=\frac{24250\times 9\times r}{100}\] \[r=\frac{162}{9}\] \[=18%\]


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