Saurabh Singh
Saurabh Singh
7 years ago

At what rate will an amount 7/4 of itself in 4 year

A. 20% per annum

B. 18% per annum

C. 18 3/4% per anum

D. none of these

Answer: Option D

Solution(By Examveda Team)

Let sum is Rs. 100 ,then it become 7/4 times i.e. Rs. 700/4 in 6 years.
Interest = (700/4)-100 = Rs. 300/4;
Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.

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Comments ( 1 )

  1. Ashutosh Kumar
    Ashutosh Kumar :
    4 years ago

    C)18 3/4

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