Multiple Choice Questions on A four year Indira Vikas certificate with a maturity value of Rs 1100 is purchased for Rs 500 What i........... for CDS Exam Preparation

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Multiple Choice Questions

A four year Indira Vikas certificate with a maturity value of Rs 1100 is purchased for Rs 500 What i...........

Quantitative Aptitude (CDS) Simple Interest
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    A four-year Indira Vikas certificate with a maturity value of Rs. 1100 is purchased for Rs. 500. What is the rate %?

    15%

    Incorrect Answer

    20%

    Incorrect Answer

    25%

    Incorrect Answer

    30%

    Correct Answer
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    Explanation:

     Interest=1100-500=600

     600=500×R×4/100

      R=30%

    By: bhavesh kumar singh
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