An amount becomes its 3 times in 20 years. What is the rate of simple interest per annum? Option 1: 15% Option 2: 10% Option 3: 6.67% Option 4: 6%

The answer is '10%'. View full solution:

CUET General Test - An amount becomes its 3 times in 20 years. What is the rate of simple interest per annum? | PYQs + Solutions

CUET General Test 2022 6 Aug Shift 1

Arithmetic

Easy

15%

10%

6.67%

✅ Correct Option: 2

Related questions:

3 June Shift 2

Consider the compound interest of the following

(A) The compound interest on Rs 30500 at 15% per annum for 2 years, (compounded annually) is: Rs. 9836.25

(B) The compound interest of Rs 5000 at 20% per annum for one year is compounded (half-yearly) is: Rs. 6050.

Which of the following statements is / are correct?

30 May Shift 3

On compound interest, Rs. 2,000 amounts to Rs. 2,226.05 in 2 years. What is the rate of interest per annum ?

5 June Shift 2

A sum of Rs. 1500 is invested at 5% p.a. simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 3000 after :

CUET General Test 2022 6 Aug Shift 1 PYQs

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