A sum of Rs. 3200 becomes Rs 3456 in two years at a certain rate of simple interest. What is the rate of interest per annum ?

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A sum of Rs. 3200 becomes Rs 3456 in two years at a certain rate of simple interest. What is the rate of interest per annum ?

A5.50%

B6%

C4%

D4.50%

Updendra ? Jan 16 '2018 at 9:44

Interest = 3456 - 3200 = Rs.256

Therefore, Rate = $\Large \frac{S.I. \times 100}{Principal \times Time}$

=$\Large \frac{256 \times 100}{3200 \times 2}$ = 4% per annum

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Interest = 3456 - 3200 = Rs.256 Therefore, Rate = $\Large \frac{S.I. \times 100}{Principal \times Time}$ =$\Large \frac{256 \times 100}{3200 \times 2}$ = 4% per annum Updendra ? answered Jan 16 '2018 at 9:44 All Comments

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