Arithmetichard · Past Paper
A sum of money amounts to Rs. 6655 in 3 years and Rs. 6050 in 2 years at CI. Find the rate.
A5%
B8%
C10%
D12%
✓ Correct Answer: C — 10%
Interest for the 3rd year = 6655 - 6050 = 605. R = (605 * 100) / (6050 * 1) = 10%.
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