Direction: Study the following table carefully to answer the questions given below: | |||||
Name | Nature of Interest | Principal | Amount | Year | Rate (%) |
M | Compound | Rs.10000 | 4 | ||
N | Simple | Rs.29500 | 3 | ||
O | Compound | Rs.20000 | 2 | 3 | |
P | Simple | 4 | |||
Q | Compound | 5 | 2 |
A) 63.58%
B) 69.96%
C) 60%
D) 133.33%
E) 162.58%
Correct Answer: D
Solution :
Amount of \[N=\]Rs. 29500 \[\therefore \]Principal \[=\frac{29500}{5}=\]Rs. 5900 Time = 3 years \[\therefore \]Interest = Amount- Principal \[=29500-5900=23600\] \[\therefore \]Reqd rate \[=\frac{\text{Intrest}\,\text{ }\!\!\times\!\!\text{ }\,\text{100}}{\text{Principal}\,\text{ }\!\!\times\!\!\text{ }\,\text{time}}\] \[=\frac{23600\times 100}{5900\times 3}=\frac{400}{3}=133.33%\]You need to login to perform this action.
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