Machine-translated by Google. Questions are authored in English.
Top

Discussion

Anil invested a sum of money at a certain rate of simple interest for a period of five years. Had he invested the sum for a period of eight years for the same rate, the total intrest earned by him would have been sixty percent more than the earlier interest amount. Find the rate of interest p.a.

  • A.6%
  • B.9%
  • C.12.5%
  • D.Cannot be determined

Answer: D

Simple interest is proportional to time, so over eight years instead of five the interest rises by a fixed factor no matter what the rate is.

\[ \frac{\text{SI}_{8}}{\text{SI}_{5}} = \frac{8}{5} = 1.6 \]

That is a 60% increase for every rate and every sum, so the stated condition carries no information about \( R \).

The rate therefore cannot be determined. A condition that holds identically is not a constraint.

No comment is present. Be the first to comment.
Loading…

Post your comment

Please log in or register to post a comment.