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A person invested Rs 200000 in a fund for one year. At the end of the year, the investment was worth Rs 216000. Calculate his rate of return. |
10% 4% 6% 8% |
8% |
The correct answer is option (4) : 8% Given current value of investment $= ₹216000$ Cost of investment $= ₹ 200000$ ∴ Rate of return $=\frac{216000-200000}{200000}×100$% $= 8$% |
