what is the rate of interest p.c.p.a?

    I. Difference between the compound interest and simple interest earned in two years on the amount invested is INR 100/-

    II. The amount becomes INR 19,500/- in three years on simple interest.

    III. Simple interest accured in two years on the same amount at the same rate of interest is INR 3,000/-

  • I and II
  • I and III
  • II and III
  • I and either II or III
  • None of these
  • Explanation:

    By I and III we get,

    SI. = INR 3,000/-

    Difference of C.I. and S.I. = INR 100/-

    By using formula of rate ,

    Rate = 2×Difference in C.I & S.I./S.I. ×100

    ∴ Rate = 2 ×100/3000 ×100

    = 6.67%

     

what is the rate of interest p.c.p.a? I. Difference between the compound interest and simple intere
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