find the sum of money and rate of interest if a sum of money lent out at simple interest amounts to Rupees 3100 in two years and to rupees 4000 in 5 years
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Answered by
1
Answer:
If a sum of money becomes Rs.4000 in 2 years and Rs.5500 in 4 years 6 months at the same rate of simple interest per annum. Then the rate of simple interest is
A) 2137%
B) 2127%
C) 2117%
D) 2157%
Correct Answer:
A) 2137%
Description for Correct answer:
SI of 2.5 year=5500−4000=1500
SI of 2 years=15002.5×2=1200
So, Principal=4000−2yearSI=4000−1200=2800
r%=12002800×2×100=2137%
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0
Answer:
Step-by-step explanation:
21 3/7%
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