Q217
A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 in 4 years. The sum and the rate of interest p.a. are respectively:
A.
Rs. 5,600 and 9%
B.
Rs. 5,600 and 8.5%
AnswerC.
Rs. 5,400 and 9%
D.
Rs. 5,400 and 10%
Answer: Option B
Solution
Answer: Option B
Solution:
SI in three years = 7504 - 6076 = 1428SI in one year
Now we can go through option; from option B