Question

A certain sum of money at Simple interest amount to1012 in two and half years and to 1067.20 in four year the rate of interest per annum is ? (show the method also)​

Answer 1

Answer:

Correct option is

C

4%

S.Ifor1

2

1

years=1067.20−1012=55.20Rs.

S.I.for2

2

1

years=55.20×

3

2

×

2

5

=92Rs.

Sum=1012−92=920Rs.

∴Rateofinterest=

920×5

100×92×2

=4%