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A sum of money becomes 7/6 of itself in ...

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is.

A

`5 (5)/(9) %`

B

`6 (5)/(9) %`

C

`18 %`

D

0.25

Text Solution

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The correct Answer is:
A
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Knowledge Check

  • A sum of money becomes (7)/(6) of itself in 3 years at certain rate of simple interest. The rate per annum is

    A
    `5(5)/(9)%`
    B
    `6(5)/(9)%`
    C
    18%
    D
    25%

  • A sum of money becomes (8/5) of itself in 5 years at a certain rate of interest. The rate per cent per annum is….

    A
    `5%`
    B
    `8%`
    C
    `10%`
    D
    `12%`

  • A sum of money becomes (41)/(40) of itself in 1/4 year at a certain rate of simple interest. The rate of interest per annum is :

    A
    `10%`
    B
    `1%`
    C
    `2.5%`
    D
    `5%`

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