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Question

If the simple interest on a certain sum of money is 1100th of the sum and the rate per cent equals to 9 times the number of years, then the rate of interest per annum is
  1. 1%
  2. 3%
  3. 2%
  4. 4%

A
1%
B
2%
C
3%
D
4%
Solution
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The correct option is C 3%
SI=P/100;r=9tt=r/9
SI=P×r×t100
(P/100)=P×r×(r/9)100
r×(r/9)=1r=3%

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