Correct Answer: None of these
Explanation:
Note:
Here, original rate is for 1 year(s); the new rate is for only 4 months i.e. ⅓ year(s).
∴ | ❨ | 725 x R x 1 | ❩ | + | ❨ | 362.50 x 2R x 1 | ❩ | = 33.50 |
100 | 100 x 3 |
⟹ (2175 + 725) R = 33.50 x 100 x 3
⟹ (2175 + 725) R = 10050
⟹ (2900)R = 10050
⟹ R = | 10050 | = 3.46 |
2900 |
∴ Original rate = 3.46%
Discussion & Comments