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Question

What is the rate per cent if ₹ 1600 amounts to ₹ 1900 in 2.5 years?


  1. 9.5%

  2. 7.5%

  3. 6.25%

  4. 8%


Solution

The correct option is B

7.5%


P = ₹ 1600, A = ₹  1900 and T = 2.5 years

I = A−P

= ₹ 1900− ₹  1600

=₹  300

Rate = (100×I)(P×T)

= (100×300)(1600×2.5)

 = 7.5 %

Hence, the rate per cent is 7.5

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