Raja deposits a sum of Rs 1600, which gave him Rs 252 in 2 years and 4 months. The rate of interest per annum is

5 \frac{3}{4}

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6 \frac{3}{4}

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7 \frac{2}{5}

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None of these

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Solution

The correct option is B $6 \frac{3}{4}$ %
Si = 252 = 16000 $\times$ $\frac{x}{100}$ $\times$ $\frac{7}{3}$
$x = \frac{252 \times 3}{7 \times 16}$
$x = 6 \frac{3}{4} %$

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A sum of Rs 1600 gives a simple interest of Rs 252 in 2 years and 4 months. What is the rate of simple interest per annum?

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Raja deposits a sum of Rs 1600, which gave him Rs 252 in 2 years and 4 months. The rate of interest per annum is

The correct option is B 634%Si = 252 = 16000 ×x100 × 73 x=252×37×16 x=634%

The correct option is B $6 \frac{3}{4}$ %
Si = 252 = 16000 $\times$ $\frac{x}{100}$ $\times$ $\frac{7}{3}$
$x = \frac{252 \times 3}{7 \times 16}$
$x = 6 \frac{3}{4} %$