Q.At what annual percentage rate of interest will 325 rupees yield an interest of 52 rupees in 4 years? (a) 3% (b) 4% (c) 5% (d) 6%
Answer: B
Principal \((p)= 325\) rupees
Time \((t)=4 \) years
Interest amount \((I)= 52\) rupees

\(\therefore\) Rate of interest \((r)=\cfrac{100\times I}{pt} \%\)

\(=\cfrac{\cancel{100}4\times \cancel{52}\cancel{13}}{\cancel{325}\cancel{25}\times \cancel4} \%\)

\(=4 \%\)

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