Discussion :: Simple Interest
- A certain sum amounts to Rs.1725 in 3 years and Rs.1875 in 5 years. Find the rate % per annum?
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Answer : Option B
Explanation :
3 --- 1725
5 --- 1875
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2 --- 150
N = 1 I = 75 R = ?
P = 1725 - 225 = 1500
75 = (1500*1*R)/100
R = 5%
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