Mathematics for FinanceMTP Oct 21Question 1336 of 422
All Questions

A sum of $46,875$ was lent out at simple interest and at the end of $1$ year $8$ months, the total amount was $50,000$. Find the rate of interest per annum.

Options

A$8\%$
B$4\%$
C$12\%$
DNone
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option b$4\%$

All Options:

  • A$8\%$
  • B$4\%$
  • C$12\%$
  • DNone

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free