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Discussion :: IBPS BANK EXAM TEST 9

  1. Rs. 58750 amounts to Rs. 79900 in four years at simple interest. What is the rate of interest paid?
    2. A.

    14
    B.

    13
    C.

    12
    D.

    16
    E.

    9

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    Answer : Option E

    Explanation :

    S. I. = 79900-58750

    = Rs. 21150

    Rate = (S.I * 100)/(Principal * Time)

    = (21150 * 100)/(58750 * 4)

    = 9% per annum

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