A) 5 p.c.p.a.
B) 4 p.c.p.a.
C) 8 p.c.p.a.
D) 6 p.c.p.a.
Correct Answer: D
Solution :
Principal = Rs. 50,600 Time = 5 years Amount = Rs. 65,780 Simple interest = Amount - Principal \[=65,780-50,600=18,180\] \[S.I.=\frac{P\,\,\,\,\,\,R\,\,\,\,\,T}{100}\] \[15,180=\frac{50,600\,\,\,\,R\,\,\,\,\,5}{100}\] \[\Rightarrow \]50,600 R 5 \[\Rightarrow \] 15,180 100 \[\therefore R=\frac{15,180\,\,\,\,\,100}{50,600\,\,\,\,\,5}=6\] \[\therefore \] Rate of Interest = 6% p.a.You need to login to perform this action.
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