arrow
arrow
arrow
What is the rate percent and time needed, both of them being equal in value, for the simple interest on a certain sum to be 36 over 100 of that sum?
Question

What is the rate percent and time needed, both of them being equal in value, for the simple interest on a certain sum to be 36 over 100 of that sum?

A.

Rate =5%, Time =5 years

B.

Rate =7%, Time =7 years

C.

Rate =6%, Time =6 years

D.

Rate =8%, Time =8 years

Correct option is C

Given:
Simple Interest (SI) = 36/100 of Principal (P)
Rate (R) = Time (T)
Formula Used:
SI = P×R×T100\frac{P × R × T}{100}​​
Solution:
Substitute the given values into the formula:
36100×P=P×R×R100\frac{36}{100} × P = \frac{P × R × R}{100}​​
36=R236 = R^2​​
Take the square root of both sides:
R = 6
Since Rate and Time are numerically equal:
Rate = 6% and Time = 6 years.
Final Answer
So the correct answer is (c)

Free Tests

Free
Must Attempt

SSC GD Constable Exam Day Based Mock 1

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

SSC GD PYP (Held on 4 Feb 2025 S1)

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Mathematics Section Test 1

languageIcon English
  • pdpQsnIcon20 Questions
  • pdpsheetsIcon40 Marks
  • timerIcon25 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘DSSSB G-II/ASO’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
405k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow