Question
The compound interest on a certain sum for 2 successive years are Rs. 225 and Rs. 238.50. The rate of interest per annum is = ?
Answer: Option D
$$\eqalign{
& {\text{Required rate }}\% \cr
& {\text{ = }}\frac{{\left( {238.50 - 225} \right)}}{{225}} \times 100 \cr
& = 6\,\% \cr} $$
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$$\eqalign{
& {\text{Required rate }}\% \cr
& {\text{ = }}\frac{{\left( {238.50 - 225} \right)}}{{225}} \times 100 \cr
& = 6\,\% \cr} $$
Was this answer helpful ?
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