1c:I[1254,["7330","static/chunks/d3ac728e-78c3d5d7a486ed3a.js","5159","static/chunks/5159-48592f0bf1a47f9d.js","8175","static/chunks/8175-f84d59b9bd013e10.js","8167","static/chunks/8167-b25693a0140130f2.js","664","static/chunks/664-f64584b506570f6e.js","3703","static/chunks/app/practice-question/%5Bslug%5D/page-d1408559b663b83f.js"],"PracticeQuestionCard"] 1b:T4b7,{"@context":"https://schema.org","@type":"QAPage","name":"A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 3…","url":"https://vidyalelo.com/practice-question/a-sum-of-rs-1600-gives-a-simple-interest-of-rs-252-in-2-years-and-3-months-the-rate-of-interest-per-annum-is-89783","keywords":"practice questions, MCQ, MCQs with answers, objective questions, competitive exam questions, Competitive Exams, Competitive Exams MCQ, Competitive Exams MCQs, Competitive Exams questions, Competitive Exams practice questions, Aptitude, Aptitude MCQ, Aptitude MCQs, Aptitude questions, Aptitude practice questions, Interest","mainEntity":{"@type":"Question","name":"A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 3…","text":"A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 3 months. The rate of interest per annum is = ?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Option C. 7 %. Answer & Solution Answer: Option C Solution: & Time = 2 years 3 months & = 2 + 312 = 9/2 years & We know SI = P × T × R100 & P = Rs 1600, & T = 9/4 years, & SI = Rs 252 & Put values in the formula , & 252 = 1600 × R × 9100 & 252 = 36 R & R = 25236 = 7\\%"}}}1d:T40c,

Answer & Solution

Answer: Option C

Solution:

$$\eqalign{ & {\text{Time = 2 years 3 months}} \cr & {\text{ = 2 + }}\frac{3}{{12}}{\text{ = }}\fr