A) 8%
B) 7%
C) 9%
D) 10%
Correct Answer: C
Solution :
Amount =Rs. 2575, T =\[\frac{4}{12}\]yr\[=\frac{1}{3}\]yr, TD = Rs. 75 PW = (Amount)\[-\](TD) = Rs. \[(2575-75)\]= Rs. 2500 TD is SI on PW. \[\therefore \]Rs. 75 is SI on Rs. 2500 for\[\frac{1}{3}\]yr. \[\therefore \]Rate \[=\left[ \frac{100\times 75}{2500\times \frac{1}{3}} \right]%\]per annum = 9% per annumYou need to login to perform this action.
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