A) \[3%p.a.\]
B) \[4%p.a.\]
C) \[5%p.a.\]
D) \[6%p.a.\]
Correct Answer: D
Solution :
(d) Let interest rate be r. Interest (Mayur) \[=\frac{2250\times r\times 3}{100};\] Interest (Vishal) \[=\frac{2500\times r\times 3}{100}\] \[\Rightarrow \]\[\frac{3r}{100}\left( 2500-2250 \right)=45\] \[\Rightarrow \]\[r=\frac{4500}{3\times \left( 250 \right)}=6\]You need to login to perform this action.
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