Question

The difference of S.I and C.I on an amount of Rs. 40000 for 2 years is Rs. 196. What is the rate of interest?

Q: The difference of S.I and C.I on an amount of Rs. 40000 for 2 years is Rs. 196. What is the rate of

=> CI – SI = P(R/100) 2 => 196 = 40000 (R/100) 2 => (R/100) 2 = 49/10000 => R/100 = 7/100 => R = 7%

A 6%

B 7%

C 9%

D 8%

E None of these

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Question

The difference of S.I and C.I on an amount of Rs. 40000 for 2 years is Rs. 196. What is the rate of interest?

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