general math MCQ #245

If the interest on Rs 800 is more than the interest on Rs 400 by Rs 40 in 2 years, then the rate of interest per annum is:

general math MCQ #245

  1. Question 1

    Q1. If the interest on Rs 800 is more than the interest on Rs 400 by Rs 40 in 2 years, then the rate of interest per annum is:

    • A) 5%
    • B) 5.25%
    • C) 6%
    • D) None of these

    Answer: 5%

    Explanation: The correct value is 5%. Apply the formula or arithmetic step shown in the question and