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RAVI KANT

· started a discussion

· 1 Months ago

WRONG ANSWER (Question: 233125.0 )

The correct answer of this question would be 8% per annum. The time period is given 5 years.

Question:
Simple interest on a sum of money for 5 years is \(\cfrac{2}{5}\) times the amounts, the rate of simple interest is:
Options:
A) 13%
B)


\(12\cfrac{1}{3}\)%

C)


\(14\cfrac{1}{3}\)% 

D)


\(13\cfrac{1}{3}\)%

Solution:

Ans: (d)

RAHUL GUPTA

· commented

· 1 Months ago

yes.. what is to infer from "2/5 times the amounts" .. which amounts ?? it should have been properly mentioned

Ashwani Kumar

· commented

· 1 Months ago

Answer is right because SI=2/5(P+SI), not 2/5P.
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