Mathematics
NULL
Medium
Question
The difference between CI and SI on Rs.15000 for 2 years is Rs.96. What is the rate per annum?
A
8
✓ Official correct answer
B
10
C
12
D
Cannot be determined
Community credibility
Registered members can vote for the answer they believe is correct today and explain why. If the facts change after an election or news event, suggest a new option so others can vote it up.
A
8
No member explanations yet for this option.
B
10
No member explanations yet for this option.
C
12
No member explanations yet for this option.
D
Cannot be determined
No member explanations yet for this option.
Explanation
15000(r/100)² = 96 ⇒ r = 8%.