In 5 years, the simple interest on an amount of Rs. P P P is 2 5 \frac{2}{5} 5 2 of the principal. What is the rate of interest per annum?

SSC SSC CGL Tier 2 Easy Interest MCQ

Question

In 5 years, the simple interest on an amount of Rs. $P$ is $\frac{2}{5}$ of the principal. What is the rate of interest per annum?

Options

A.

12%

B.

8%

C.

10%

D.

5%

simple interestinterest ratepercentagetimeprincipal

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