InterviewSolution
Saved Bookmarks
| 1. |
If the difference between CI and SI principal of Rs. 25000 for 2 years is Rs. 6250. Find the rate of interest?1. 10%2. 20%3. 50%4. 30% |
|
Answer» Correct Answer - Option 3 : 50% Given: The difference between CI and SI for 2 years = 6250 Principal = 25000 Concept used: The difference between CI and SI for 2 years = P(R/100)2 Calculation: 25000 × (R/100)2 = 6250 ⇒ R2/100 = 25 ⇒ R2 = 2500 ⇒ R = √2500 ⇒ R = 50% ∴ Rate of interest is 50% |
|