Question

A sum of money amounts to Rs 250 in 4 years and Rs 432 in 7 years at a compound rate of interest. What is the rate of interest per annum?

Q: A sum of money amounts to Rs 250 in 4 years and Rs 432 in 7 years at a compound rate of interest. Wh

Rate of interest = (difference of amount)/(first amount)× 100 = (6 - 5)/5 × 100 = 20% per annum

A 10%p.a

B 15%p.a

C 25%p.a

D 20%p.a

E None of these

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Question

A sum of money amounts to Rs 250 in 4 years and Rs 432 in 7 years at a compound rate of interest. What is the rate of interest per annum?

Solution

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