Menu
Home / IBPS BANK EXAM / IBPS BANK EXAM TEST 7 :: Discussion

Discussion :: IBPS BANK EXAM TEST 7

  1. The simple interest accrued 9 years on a principal of Rs. 24250 is 162 percent of the principal. What is the rate of interest p.c.p.a?
    2. A.

    22
    B.

    16
    C.

    18
    D.

    Cannot be determined
    E.

    None of these

    View Answer

    Workspace

    View Answer

    Answer : Option C

    Explanation :

    Interest/Principal  = 162/100

    Rate = (Interest/Principal)  * (100/Time)

    = (162/100) * (100/9) = 18 % per annum

Write your comments here:

Be The First To Comment