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SSC Selection Post 2023 PYQ — Question 67

SSC Selection Post - Matriculation Level - 28 June 2023 - Shift 1 • Quantitative Aptitude • Q67

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In 5 years, the interest on an amount of Rs. X is 25{{2} \over 5}th of the principal. The rate of interest per annum is:

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. 8%.

SI = (P × R × T)/100

⇒ (2/5)X = (X × R × 5)/100

⇒ 2/5 = R/20

⇒ R = 40/5 = 8%