CUET Preparation Today
Ms. Sheela creates a fund of ₹1,00,000 for providing scholarships to needy children. The scholarship is provided in the beginning of the year. This fund earns an interest of r% per annum. If the scholarship amount is taken as ₹8,000, then r = |
$8 \frac{1}{2}$% $8 \frac{16}{23}$% $8 \frac{17}{25}$% $8 \frac{2}{5}$% |
$8 \frac{16}{23}$% |
The correct answer is Option (2) → $8 \frac{16}{23}$% |
