Multiple choice

At the same rate of simple interest sum of the interest of Rs. 3000 for 4 years and 8 months and the interest for 3 years and 9 months is 4292.5. The rate of interest is - एक समान साधारण ब्याज की दर पर 3000 रूपये का 4 वर्षों और 8 माह के ब्याज और 3 वर्षों और 9 माह के ब्याज का योगफल 4292.5 रूपये है तो ब्याज की दर कितनी है?

  1. 14%

  2. 15%

  3. 16%

  4. 17%
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D Correct answer
Explanation

Using simple interest formula and solving the equation 3000 × r × (4 + 8/12 + 3 + 9/12)/100 = 4292.5 gives r = 17%. This is a standard simple interest rate problem.

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