A) 5%
B) 6%
C) 7%
D) 8%
Correct Answer: B
Solution :
\[\frac{\text{Interest}}{\text{Principal}}\text{=}\frac{\text{3}}{\text{8}}\] \[\therefore \] \[\text{Rate=}\frac{\text{SI }\!\!\times\!\!\text{ 100}}{\text{Principa }\!\!\times\!\!\text{ Time}}\] \[=\frac{3}{8}\times \frac{100}{\frac{25}{4}}=\frac{3}{8}\times \frac{400}{25}=6%\,\text{per}\,\text{annum}\]You need to login to perform this action.
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