Question

3.
The cost of a dining table is Rs. 8,400. A wants to buy it in 10 instalments. His E.M.I. is
Rs. 875. Find the rate of interest?
(A) 3%
(B) 5%
(C) 8%
(D) 10%
மடm 840 A இம்மேசையை 10 மாதத்தவணைகளில் பெற​

Answer 1

Answer:

3%

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Answer 2

Answer:

B - 5%

Step-by-step explanation:

The cost of a dining table is Rs. 8,400.

For 10 installments, N = 10/12

Interest = PNR/100

Interest = 8400 x 10/12 x R/100  -- (1)

Total paid by him - 875 x 10 = 8750

Interest = 8750 - 8400 = 350 -- (2)

Solving 1 and 2 , we get

350 = 8400 x 10/12 x R/100

R = 5%