Mr. Deepak invested an amount of Rs 21,250 for 6 years.

Question

Mr. Deepak invested an amount of Rs 21,250 for 6 years.

Mr. Deepak invested an amount of Rs 21,250 for 6 years. At what rate of simple interest will he obtain the total amount of Rs 26,350 at the end of 6 years?
(a) 6 % p.a

(b) 5 % p.a

(c) 8 % p.a

(d) 12 % p.a

(e) None of these

Monjur Alahi

9 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

(e) Rate = (26350 - 21250) x 100 / 21250 x 6
= 510000 / 127500 = 4%

9 views Answered 2023-02-05 15:29