The simple interest on a sum of money at the end of 16 years is 45th of the sum itself. Find the rate percent p.a.
Explanation:
S.I. =45p=P×R×16100
⇒ R = 5%
Hence, option (b)
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.