Simple interest for the sum of RS. 1230 for 2 yr is RS. 10 more than the simple interest for RS. 1130 for the same duration. Find the rate of interest.


A) 5%

B) 6%

C) 8%

D) 2%

Correct Answer:
A) 5%

Description for Correct answer:

According to the question,

\( \Large \frac{1230\times 2\times R}{100} - \frac{1130\times 2\times R}{100} \)=10

=> \( \Large \frac{200}{100} \)

R=10

R=5%


Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest








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