Railways PYQCBT 1 2020

RRB NTPC · Question 34

The simple interest on an amount of Rs. 13400 for 4 years is Rs. 2680. The rate of interest is:

  1. 8%

  2. 4%

  3. 5%

  4. 6%

Show answer & explanation

Answer: (C) 5%

Explanation

Rate = SI × 100/(P × T) = 2680 × 100/(13400 × 4) = 5%.