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1. What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.
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By: guest on 01 Jun 2017 05.46 pm
Let Principal = Rs. P and Rate = R% p.a. Then, Amount = Rs. P 1 + R 4 100 C.I. = P 1 + R 4 - 1 100 P 1 + R 4 - 1 = 1491. 100 Clearly, it does not give the answer. Correct answer is (D).