Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum ?

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BANK PO Exam (Allahabad Bank) 2010 click here to view all questions

Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum ?

A4

B8

C5

DCannot be determined

upendra ? undefined

Correct answer is: Cannot be determined

Explanation:

According to the question,

\(\Large \frac{P \times R \times 6}{100}=\frac{P \times R \times 4}{100} \times \frac{150}{100}\)

This relation gives no result.

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Correct answer is: Cannot be determined Explanation: According to the question, \(\Large \frac{P \times R \times 6}{100}=\frac{P \times R \times 4}{100} \times \frac{150}{100}\) This relation gives no result. upendra ? answered undefined All Comments

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