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Mr. Deepak invested an amount of RS. 21250 for 6 yr. At what rate of simple interest, will he obtain the total amount of RS. 26350 at the end of 6 yr?


A) 6% pa

B) 5% pa

C) 8% pa

D) 4% pa

Correct Answer:
D) 4% pa

Description for Correct answer:

SI = 26350 - 21250 = RS. 5100

Rate= \( \Large \frac{SI\times 100}{Principal \times Time} \)

= \( \Large \frac{5100\times 100}{21250\times 6} \)=4%


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




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