A) 10%
B) 1%
C) 2.5%
D) 5%
Correct Answer: A
Solution :
Let the principal be Rs. 1. \[\therefore \] \[\text{SI}=\frac{41}{40}-1=\frac{1}{40}\] Now, Rate \[\text{Rate=}\frac{\text{Interest }\!\!\times\!\!\text{ 100}}{\text{Principal }\!\!\times\!\!\text{ Time}}\] \[=\frac{\frac{1}{40}\times 100}{1\times \frac{1}{4}}=\frac{100\times 4}{40}=10%\]You need to login to perform this action.
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