CUET Preparation Today
The simple interest on Rs. 625 increases by Rs 25 when the time increases by 2 years. Find the rate of interest per annum. |
2% 3% 1% 0.5% |
2% |
The increase in interest is due to time ⇒ \(\frac{625\;×\;2\;×\;rate}{100}\) = 25 ⇒ rate = 2% |
