Arithmetichard · Past Paper
A sum of money lent at SI amounts to Rs. 720 in 2 years and Rs. 1020 in 7 years. Find the rate.
A5%
B10%
C12%
D15%
✓ Correct Answer: B — 10%
Interest for 5 yrs = 300, so 1 yr = 60. P = 720 - 120 = 600. R = (60*100)/(600*1) = 10%.
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