A sum of ₹ 725 is lent in the beginning of a year at a certain rate of simple interest. After 8 months, a sum of ₹ 362.50 more is lent but at the…
CA Foundation · Quantitative Aptitude · PYQS · May 2025
A sum of ₹ 725 is lent in the beginning of a year at a certain rate of simple interest. After 8 months, a sum of ₹ 362.50 more is lent but at the rate twice the former. At the end of the year, ₹ 33.50 is earned as interest from both the loans. What was the original rate of interest?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 3.46%
Topics: Part-A: Business Mathematics
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