CUET Preparation Today
The simple interest on Rs.1500 increases by Rs.300 when the time increases by 2 years. Find the rate of interest per annum. |
20% 15% 8% 10% |
10% |
The increase in interest is due to time ⇒ \(\frac{1500\;×\;2\;×\;rate}{100}\) = 300 ⇒ rate = 10% |
