A) 18%
B) 9%
C) 6%
D) 3%
Correct Answer: C
Solution :
Let the principal \[=Rs.\,P\] and rate of interest \[=r%\] According to question, \[618=P\left[ {{\left( 1+\frac{r}{100} \right)}^{2}}-1 \right]\] ?(i) and \[600=\frac{P\times r\times 2}{100}\] ?(ii) From Eqs. (i) and (ii), we get \[r=6%\]You need to login to perform this action.
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