A) 4.5%
B) 5%
C) 8%
D) 6.25%
Correct Answer: D
Solution :
Difference between two compound interests \[=Rs.(236.25-225)\] \[=Rs.\,11.25\] This is the interest on Rs. 225 for one year. \[\therefore \] \[\text{Rate}=\frac{36.15\times 100}{578.40\times 1}=6.25%=6\frac{1}{4}%\]You need to login to perform this action.
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