JIPMAT 2021 (QA) - A man pays 40 times the annual rent to purchase a building. The rate % per annum he derives from his investment is | PYQs + Solutions | AfterBoards
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JIPMAT 2021

Arithmetic
>
Percentages

Conceptual

A man pays 40 times the annual rent to purchase a building. The rate % per annum he derives from his investment is

Correct Option: 1
Let the annual rent be RR
Purchase price = 40R40R
Rate of return = Annual ReturnInvestment×100%\frac{\text{Annual Return}}{\text{Investment}} × 100\%
=R40R×100%= \frac{R}{40R} × 100\%
=140×100%= \frac{1}{40} × 100\%
=2.50%= 2.50\%
Therefore, the rate of return is 2.50% per annum.

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