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Gorav Madan

· started a discussion

· 1 Months ago

Wrong Interest rate given in question (Question: 117191.0 )

In question it is 95% while in solution it is 9.5

Question:
The simple interest on a certain principal at the rate of 9.5 percent per annum is Rs 950 for two year. How much will be the additional interest on the same amount for the same period at the rate of 10.5 percent per annum?
Options:
A) Rs 75
B) Rs 150
C) Rs 100
D) None of these
Solution:
Ans: (c) 

S.I. = Rs 950, rate = 9.5%

time = 2 years

\(\therefore\) sum \(=\cfrac{950\times100}{9.5\times2}=5000\)

If rate of interest is 10.5% then 

Simple Interest=(5000\(\times\)2\(\times\)10.5)/100=Rs 1050

\(\therefore\) additional interest due to change in rate of interest =Rs 100 

Knowledge Expert

· commented

· 1 Months ago

hi, its 9.5%....a printing error occurred...it has been resolved...
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