state gov TSPSC DAO (Divisional Accounts Officer) Mock Test 2024 Quantitative Aptitude Interest Simple Interest
A man borrowed a certain sum of money from a money lender at a certain rate of simple interest for some years. If the simple interest on a sum of money is 1/16 of the sum and the number of years is numerically equal to the rate percent per annum, then find the rate of interest
1
3/2 %
2
5/2 %
3
5 %
4
7 %