Multiple choice

If the interest on a sum of money be 1 paisa per rupee per month, what is the rate percent per annum? यदि किसी धनराशि पर ब्याज 1 पैसा प्रति रूपया प्रति माह हो , तो वार्षिक ब्याज दर क्या प्रतिशत क्या होगा ?

  1. 10 %

  2. 12 %

  3. 15 %

  4. 10.5 %
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

1 paisa per rupee per month means 1 paisa interest on ₹1 (100 paisa) monthly. Monthly rate = 1/100 = 1%. Annual rate = 1% × 12 = 12%. Option A (10%) would result from using 10 months instead of 12 in the calculation.

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