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Aptitude · Q188

Interest

Competitive Exams · Aptitude · question 188

Q188

In a certain duration of time, a sum become 2 times itself at the rate of 5% per annum simple interest. What will be the rate of interest if the same sum becomes 5 times itself in the same duration?

A.
20%
Answer
B.
16%
C.
10%
D.
18%

Answer: Option A

Solution

Answer: Option A
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