Direction: Study the following table carefully and answer the given questions. |
A) 12.22%
B) 8.33%
C) 10.44%
D) 15.55%
E) 7.66%
Correct Answer: B
Solution :
Amount received by Ravi = Rs. 29500 If amount is 5x and interest is x then principal is 4x Thus, 5x = 29500 \[\therefore \] x = 5900 \[\therefore \] Principal = 4x =23600 \[\therefore \] Rate of interest\[=\frac{5900\times 100}{23600\times 3}=8.33%\]You need to login to perform this action.
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