CUET Preparation Today
The simple interest on Rs.750 increases by Rs35 when the time increases by 2 years. Find the rate of interest per annum. |
5% 2.5% 4.5% 3.33% |
2.5% |
The increase in interest is due to time ⇒ \(\frac{700\;×\;2\;×\;rate}{100}\) = 35 ⇒ Rate = 2.5% |
