Question

    The difference of S.I and C.I on an amount of Rs. 20000 for 2 years is Rs. 162. What is the rate of interest?

    A 6% Correct Answer Incorrect Answer
    B 9% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 7% Correct Answer Incorrect Answer

    Solution

    => CI – SI = P(R/100)2 => 162 = 20000 (R/100)2 => (R/100)2= 81/10000 => R/100 = 9/100 => R = 9%

    Practice Next
    ×
    ×