Mathematics
NULL
Medium
Question
A sum at CI amounts to Rs.2420 in 2 years and Rs.2662 in 3 years. Find the rate percent.
A
15%
B
10%
✓ Official correct answer
C
7.5%
D
8%
Community credibility
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A
15%
No member explanations yet for this option.
B
10%
No member explanations yet for this option.
C
7.5%
No member explanations yet for this option.
D
8%
No member explanations yet for this option.
Explanation
Rate = (2662/2420 − 1) × 100 = 10%.