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    The simple interest on a sum of money is four times the principal, the rate per cent per annum and time in years are equal. Find the rate per cent per
    Question

    The simple interest on a sum of money is four times the principal, the rate per cent per annum and time in years are equal. Find the rate per cent per annum.

    A.

    10%

    B.

    12%

    C.

    15%

    D.

    20%

    Correct option is D

    Let the rate = r% and time = r% 

    and Principal = P 

    S.I.=P×r×r1004P=P×r×r100r=20%S.I. = \frac{P\times r\times r}{100}\\4P = \frac{P\times r\times r}{100}\\r= 20{\%}​​

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