Question
A four years NSC certificate was purchased for Rs. 500 with Rs. 1000 being the maturity value. Find the rate of S.I.
A four years NSC certificate was purchased for Rs. 500 with Rs. 1000 being the maturity value. Find the rate of S.I.
Answer: Option D
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Answer : Option D
Explanation :
P = Rs. 500
SI = Rs.500
T = 4
R = ?
$MF#%\text{ R } = \dfrac{100 \times \text{SI}}{\text{PT}} = \dfrac{100 \times 500}{500 \times 4} = \dfrac{100}{4} = 25\%$MF#%
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