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Simple interest on a certain sum is 16/25 of the sum. The rate per cent if the rate per cent and time (in years) are equal, is :

A) 6%
B) 8%
C) 10%
D) 12%
E) 16%

Correct Answer:


B) 8%

Description for Correct answer:
Let the rate of interest and time be x

then, \( \Large \frac{16}{25} \) = \( \Large \frac{x * x}{100} \)

=> \( \large x^{2} \) = \( \Large \frac{16 x 100}{25} \)

=> x = 8%

Part of solved SBI JuniorAssociate-4 questions and answers : Exams >> Bank Exams >> SBI JuniorAssociate-4

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