A sum of money amounts to Rs. 6655 in 3 years and Rs. 6... – Arithmetic

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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