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A sum becomes Rs. 2600 in 2 years and Rs. 3200 in 5 years at simple interest. What is the annual interest?

ARs. 180
BRs. 200
CRs. 220
DRs. 250

Explanation

Interest for 3 years = 3200 – 2600 = Rs. 600. Annual interest = 600 / 3 = Rs. 200.

Exam Relevance
  • Topic: Interest
  • Subtopic: Simple Interest
Submitted by: mcqstutor Team More Mathematics MCQs →

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