Arithmetichard · Past Paper
At what rate of CI will Rs. 2000 amount to Rs. 2315.25 in 3 years?
A4%
B5%
C6%
D8%
✓ Correct Answer: B — 5%
2315.25/2000 = 1.157625. (1.05)^3 = 1.157625. Rate is 5%.
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