32
An amount of Rs 45,000 becomes Rs 77,400 on simple interest in eight years What is the rate of interest p.c.p.a ?
- A9
- B11
- C8
- D10.5
Answer not set
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0
CCommunity
Solution
The interest = 32,400
Time = 8 years
Principle = 45,000
Rate = ?
45000 x r x 8/100 = 32,400
r = 32400/(8*450) = 9% pa
The interest = 32,400
Time = 8 years
Principle = 45,000
Rate = ?
45000 x r x 8/100 = 32,400
r = 32400/(8*450) = 9% pa
0
CCommunity
Solution
The interest = 32,400
Time = 8 years
Principle = 45,000
Rate = ?
45000 x r x 8/100 = 32,400
r = 32400/(8*450) = 9% pa
The interest = 32,400
Time = 8 years
Principle = 45,000
Rate = ?
45000 x r x 8/100 = 32,400
r = 32400/(8*450) = 9% pa