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    Question

    A sum of ₹7500 becomes ₹8850 in 3 years at simple

    interest. Find the rate of interest per annum.
    A 8% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 6% Correct Answer Incorrect Answer
    D 2% Correct Answer Incorrect Answer

    Solution

    ATQ, SI = 8850 − 7500 = 1350 Rate = (SI×100)/(P×T) = (1350×100)/(7500×3) = 6% Answer: 6% p.a.

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