A sum of ₹ 46,875 was lent out at simple interest and at the end of 1 year 8 months the total amount was ₹ 50,000. Find the rate of interest percent…
CA Foundation · Quantitative Aptitude · MTP · January 2025
A sum of ₹ 46,875 was lent out at simple interest and at the end of 1 year 8 months the total amount was ₹ 50,000. Find the rate of interest percent per annum.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 4%
Topics: Part-A: Business Mathematics
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