general math MCQ #320

If an investment of Rs. 4 grows to Rs. 10 in 50 years at simple interest, what is the annual rate of interest?

general math MCQ #320

  1. Question 1

    Q1. If an investment of Rs. 4 grows to Rs. 10 in 50 years at simple interest, what is the annual rate of interest?

    • A) 2.50%
    • B) 3%
    • C) 5%
    • D) None of these

    Answer: 3%

    Explanation: The correct value is 3%. Apply the formula or arithmetic step shown in the question and