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The simple interest accrued on an amount of Rs. 10,530 at the end of 5 years is Rs. 6,318. What is the rate of interest p.c.p.a. ?
- A8
- B14
- C10
- D12
Answer not set
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0
CCommunity
Solution
Principal amount = Rs. 10,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{10530 \times r \times 5}{100} = 6318$
=> $r = \frac{6318 \times 100}{10530 \times 5}$
=> $r = 12$ %
Principal amount = Rs. 10,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{10530 \times r \times 5}{100} = 6318$
=> $r = \frac{6318 \times 100}{10530 \times 5}$
=> $r = 12$ %
0
CCommunity
Solution
Principal amount = Rs. 10,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{10530 \times r \times 5}{100} = 6318$
=> $r = \frac{6318 \times 100}{10530 \times 5}$
=> $r = 12$ %
Principal amount = Rs. 10,530
Let rate of interest = $r$ %
=> Simple interest = $\frac{10530 \times r \times 5}{100} = 6318$
=> $r = \frac{6318 \times 100}{10530 \times 5}$
=> $r = 12$ %