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## #1 2016-01-21 06:20:03

### Find the rate of interest?

# Mathematics Quizzes Interest

**Question:**

A sum of money becomes 7/4 of itself in 6 years at a certain rate of simple interest. Find the rate of interest.

**Option A):**

14%**Option B):**

12%**Option C):**

8%**Option D):**

12(1/2)%

**Correct Answer is Option D):**

12(1/2)%

**Explanation:**

Let sum is Rs. 100 ,then it become 7/4 times i.e. Rs. 700/4 in 6 years.

Interest = (700/4)-100 = Rs. 300/4;

Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.

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## 2016-01-21 06:20:03

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### Re: Find the rate of interest?

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