If Lokesh's investment was Rs.4800 more, his annual income would be Rs – InterviewSolution

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1.	If Lokesh's investment was Rs.4800 more, his annual income would be Rs.240 more. Find the rate of return.
Answer» `4.5%` `4%` `5.5%` `5%` Solution :Let the rate of return that Lokesh GETS be `R%`. The EXTRA annual income of Lokesh `=r%` of (his extra investment ). `therefore240=(r)/(100)(4800)` `THEREFORE r=5%`

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