Menu
Home / Arithmetic Aptitude / Simple Interest :: Discussion

Discussion :: Simple Interest

  1. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest?
    2. A.
    4% p.a.
    B.
    6% p.a.
    C.
    8% p.a.
    D.
    12% p.a.
    E.
    None of these

    View Answer

    Workspace

    View Answer

    Answer : Option D

    Explanation :

    If the interest earned is 25% more than the earlier interest then the rate of interest also should be 25% higher than the earlier rate. 

    Let the earlier rate of interest be x%. 

Write your comments here:

Be The First To Comment