CUET Preparation Today
If the ratio of principal and the simple interest after 5 years is 4 : 3, then the rate of interest p.a. is: |
6% 8% 10% 15% |
15% |
Total interest \(\Rightarrow \) \(\frac{3}{4}\) × 100 = 75% Total Interest = Rate p.a. × time 75% = Rate p.a × 5years Rate p.a. = 15% |
