Question

3. At what rate a principal of 4,000 be put for 3 years, so as to get 1,320 as interest on

maturity?

a) 5%

b) 11%

c) 209

d) 10%​

Answer 1

Answer:

interest = ₹ 1320

principal= ₹ 4000

time =3years

rate of interest= interest×100/principal×time

=1320×100/4000×3

=11

rate of interest =11%

(b) is the correct answer