Multiple Choice Questions on The difference between simple interest and C I at the same rate for Rs 5000 for 2 years in Rs 72 The........... for CLAT : Law entrance Exam Preparation

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Multiple Choice Questions

The difference between simple interest and C I at the same rate for Rs 5000 for 2 years in Rs 72 The...........

Quantitative Aptitiude (CLAT) Simple Interest
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    The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

    6%

    Incorrect Answer

    8%

    Incorrect Answer

    10%

    Incorrect Answer

    12%

    Correct Answer
    Explanation:

    5000 = 72(100/R)^2
    5 R^2 = 720 => R = 12

    By: Parvesh Mehta
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