The compound interest on a sum for 2 years is Rs. 1,025 and the simple interest for the same period is Rs. 1,000. Find t...

Type: MCQ • Marks: 1

The compound interest on a sum for 2 years is Rs. 1,025 and the simple interest for the same period is Rs. 1,000. Find the rate of interest.

A. 6

B. 8

C. 4

D. 5

Explanation

CI-SI=25=P(R/100)^2 and SI=2PR/100=1000. Solving gives R=5%.

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UP TGT Mathematics

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