Arithmetichard · Past Paper
The CI on a certain sum for 2 years is Rs. 41 and SI is Rs. 40. Find the rate of interest.
A4%
B5%
C8%
D10%
✓ Correct Answer: B — 5%
Difference = 1. SI for 1 yr = 20. Interest on 20 for 1 yr is 1. R = (1*100)/(20*1) = 5%.
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