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SSC CGL 2022 PYQ — Question 67

SSC CGL - 01 Dec 2022 - Shift 1 • Quantitative Aptitude • Q67

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Rs.2,500, when invested for 8 years at a given rate of simple interest per year, amounted to Rs.3,725 on maturity. What was the rate of simple interest that was paid per annum?

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Correct answer: B

Explanation

The correct answer is Option 2.i.e. 6.125% .

According to the concept,

2500×R×8100=3725−2500⇒R=1225×1002500×8⇒R=6.125% \begin{aligned} & \frac{2500 \times R \times 8}{100}=3725-2500 \\ & \Rightarrow R=\frac{1225 \times 100}{2500 \times 8} \\ & \Rightarrow R=6.125 \% \end{aligned}