The annual rate of interest equivalent
to 2 paise per rupee per month is
(a) 2.4%
(b) 2.0%
(C) 0.24%
(d) 24%
Answers
Answered by
5
Answer:
24%
Step-by-step explanation:
2 paise per month = 24 paise/year which is 24% of 1 rupee.
Answered by
5
Answer:
24%
Step-by-step explanation:
2paise for 1 rupee per month
2×100 paise for 100 rupees per month
2×12 rupees for 100 rupees per year
annual rate of interest = 2×12=24%
Similar questions