Question
What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.
What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.
Answer: Option B
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Answer : Option B
Explanation :
Simple Interest, SI = 220 - 150 = Rs.70
$MF#%\text{R = }\dfrac{100 \times \text{SI}}{\text{PT}} = \dfrac{100 \times 70}{150 \times 10} = \dfrac{2 \times 7}{3} = \dfrac{14}{3} \%$MF#%
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