A) 5
B) 4
C) 6
D) 3
E) None of these
Correct Answer: A
Solution :
Simple interest \[=\frac{3}{20}\times 25000=Rs.3750\] \[\therefore \]\[Rate=\frac{S.I.\times 100}{\Pr incipal\times Time}\] \[=\frac{3750\times 100}{25000\times 3}=5%\]perannum Quicker Approach \[S.I.=\frac{3}{20}\times \Pr incipal\] \[\therefore \]\[\frac{S.I.}{\Pr incipal}=\frac{3}{20}\] \[\therefore \]\[Rate=\frac{S.I.}{\Pr incipal}\times \frac{100}{Time}\] \[=\frac{3}{20}\times \frac{100}{3}=5%\]per annumYou need to login to perform this action.
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