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Discussion :: Simple Interest

  1. A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?
    2. A.
    5 5/9 %
    B.
    6 5/9 %
    C.
    18%
    D.
    25%

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    Answer : Option A

    Explanation :

    Let sum = x. Then, amount = 7x/6

    S.I. = 7x/6 - x = x/6; Time = 3 years.

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