A) 5%
B) 6%
C) 10%
D) 12%
Correct Answer: A
Solution :
SI on Rs. 2400 for 1 yr = Rs. \[(2520-2400)\] = Rs. 120 \[\therefore \] Rate \[=\frac{\text{SI }\!\!\times\!\!\text{ 100}}{\text{Principal }\!\!\times\!\!\text{ Time}}=\frac{120\times 100}{2400\times 1}=5%\]You need to login to perform this action.
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