Multiple choice

Seema invested on amount of Rs. 16000 for 2 years on compound interest and received on amount of Rs. 17640 on maturity. What is the rate for interest? सीमा ने 16000 रू. की राशि दो वर्षों के लिए चक्रवृद्धि ब्याज पर निवेशित किया और परिपक्वता पर 17640 रू. की राशि प्राप्त की। ब्याज की दर क्या है?

  1. 5%

  2. 8%

  3. 4%

  4. 10%

  5. None of these इनमें से कोई नहीं
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A Correct answer
Explanation

Using A = P(1 + r/100)^n: 17640 = 16000(1 + r/100)². So (1 + r/100)² = 17640/16000 = 1.1025. Taking square root: 1 + r/100 = 1.05, so r/100 = 0.05, giving r = 5%.

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