10th Class Mathematics Related to Competitive Exam Question Bank Commercial Mathematics

  • question_answer
    Rajan borrowed Rs. 50,000 from Rakesh at simple interest. After 3 years, Rakesh got Rs. 3000 more than what he had given to Rajan. What was the rate of interest per annum?

    A)  2%                                          

    B)  5%

    C)  8%                        

    D)         10%

    Correct Answer: A

    Solution :

       Rate \[=\left( \frac{100\times 300}{5000\times 3} \right)%=2%\]


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