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Question

At what rate will Rs. 100 will earn an interest of Rs. 200 in 20 years?

A 13% Correct Answer Incorrect Answer
B 10% Correct Answer Incorrect Answer
C 8% Correct Answer Incorrect Answer
D 11% Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Principal = Rs. 100 Interest = Rs. 200 Time – 20 years. Rate = (SI × 100)/(P × T) = (200 ×100)/(100 ×20) = 10%

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