The simple interest on a certain sum of money at the rate of 5% p.a for 8 years is Rs. 840 At what rate of interest the same amount of interest can be received same sum after 5 years?

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Solution

The correct option is C 8%
$P = \frac{S . I . \times 100}{R \times T}$
$P = \frac{840 \times 100}{5 \times 8}$
$P = 2100$
Required Rate $= \frac{840 \times 100}{5 \times 2100}$
$R = 8 %$
Hence,
option $(B)$ is correct answer.

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The simple interest on a certain sum of money at the rate of 5% p.a for 8 years is Rs. 840 At what rate of interest the same amount of interest can be received same sum after 5 years?

The correct option is C 8%P=S.I.×100R×TP=840×1005×8P=2100Required Rate=840×1005×2100R=8%Hence,option (B) is correct answer.

The correct option is C 8%
$P = \frac{S . I . \times 100}{R \times T}$
$P = \frac{840 \times 100}{5 \times 8}$
$P = 2100$
Required Rate $= \frac{840 \times 100}{5 \times 2100}$
$R = 8 %$
Hence,
option $(B)$ is correct answer.