Question

A man borrowed 3 3125 for C.1. which amounted to 7
4500 in 2 years. What was the rate of Interest per annum?
(A) 30%
(B) 25%
(C) 20%
(D) 15%​

Answer 1

Answer:

Given,

amount = Rs. 4500,

n=2 years,

principle = Rs. 3125

We have A = P (1+R/100)²

= (1+R/100)² = 4500/3125 = 144/100

=1+R/100 = 12/10

R = 20%