Question

A sum of money becomes 7/4 of itself in 6 years a certain rate a simple interest. Find the rate of interest.

• A. 12%
• B. 12.5%
• C. 8%
• D. 12%

Answer 1

The correct option is B 12.5%

Let sum be x

$A=\frac{7}{4}x,So,SI=\frac{3}{4}x$

T = 6 years, R = ?

$R=\frac{SI\times 100}{P\times T}=\frac{\frac{3}{4}x\times 100}{x\times 6}=12.5\%$