Correct Answer: 12%
Explanation:
B.D. for 3⁄2 years | = Rs. 558. | |||||||
B.D. for 2 years |
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= Rs. 744 |
T.D. for 2 years = Rs. 600.
∴ Sum = | B.D. x T.D. | = Rs. | ❨ | 744 x 600 | ❩ | = Rs. 3100. |
B.D. - T.D | 144 |
Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years.
∴ Rate = | ❨ | 100 x 744 | ❩% | = 12% |
3100 x 2 |
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