Solved UPSC CDS/OTA Question
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Q · Simple InterestModerate · 45s
At what rate percent per annum will ₹800 amount to ₹920 in 3 years at simple interest?
TopicSimple Interest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
SI = ₹120; Rate = (SI×100)/(P×T) = (120×100)/(800×3) = 5%.
Final Answer: Option A - 5%