Home
Class 14
MATHS
Rs 480 is invested at simple interest. I...

Rs 480 is invested at simple interest. It becomes Rs 520 after 20 months. What is the interest rate per annum?

A

`4%`

B

`8%`

C

`6%`

D

`5%`

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Similar Questions

Explore conceptually related problems

A sum of money invested at simple interest becomes 13/10 of itself in 2 years and 6 months. What is the rate (in percentage) of interest per annum?

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:

A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 4 months. The rate of interest per annum is:

Rs. 8000 invested at compound interest, gives Rs. 1261 as interest after 3 years. The rate of interest per annum is:

Find the sum to be invested to earn a simple interest of Rs. 360 in 8 months at the rate of 15% per annum.

The simple interest on Rs 28,000 for four years is Rs 7,000, what is the rate per cent per annum?