Mathematics · Interest
The simple interest on a certain sum for 3 years is Rs. 1,200 and the compound interest for 2 years on the same sum at the same rate of interest is Rs. 832. What is the rate of interest per annum?
- 15%
- 24%
- 310%
- 48%✓
Correct answer
8%
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Interest