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chandan kumar

· started a discussion

· 1 Months ago

solution (Question:229659.0)

hind me wrong

Question:
If a sum of  money amounts to Rs. 12,900 and Rs. 14,250 at the end of 4th year and 5th year respectively at a certain rate of simple interest, then the rate of interest is: 

Given that principle amount = 7500

Options:
A) 10%
B) 12%
C) 18%
D) 20%
Solution:
Interest paid by the person in 1 year= Rs 1350

Interest paid by the person in 4 years= Rs 1350\(\times\)4= Rs 5400

Principal=Rs 7500


Rate=(1350/7500)100=18 %

Knowledge Expert

· commented

· 1 Months ago

Dear student,
Your issue has been solved , please reattempt the question.
Keep learning,
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