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Railways PYQCBT 1 2016

RRB NTPC · Question 22

2 years 8 months simple interest of Rs. 7800 is Rs. 1976. Find the annual rate of interest. A. 8.5% B. 9% C. 9.5% D. 10%

  1. A

  2. B

  3. C

  4. D

Show answer & explanation

Answer: (C) C

Explanation

2 years 8 months = 8/3 years. Rate = SI × 100 / (P × T) = 1976 × 100 × 3 / (7800 × 8) = 9.5%.