Question

At what rate per cent per annum will Rs.630 produce an interest of Rs.126 in 4 years ?

• A. $3$%
• B. $7$%
• C. $5$%
• D. $10$%

Answer 1

Answer: (C)

$5$%

P $=Rs630$

Interest $=Rs124$

$126=\frac{630\times r\times 4}{100}$

$⟹r=\frac{100\times 126}{630\times 4}$

$r=5$