The sample interest on a sum of money for $3$ years is ₹ $240$ and the compound interest on the same sum, at the same rate for $2$ years is ₹ $170 .$ The rate of interest is (In $\%$)

  • A

    $8$

  • B

    $29 \frac{1}{6}$

  • C

    $12.5$

  • D

    $5 \frac{5}{17}$

Similar Questions

The compound interest on ₹ $4000$ for $4$ years at $10 \%$ per annum will be (In ₹)

Find the compound Interest on $Rs. 32000$ at $20 \%$ per annum for $1$ $year$, compounded half yearly (In $Rs.$)

A sum of money placed at compound interest doubles itself in $5 \,years$. It will amount to eight times itself at the same rate of interest in (In $years$)

If the compound interest on a certain sum for $3$ years at $5 \%$ p.a exceeds the simple interest on the same sum and for the same time and at the same rate by $Rs. 183,$ find the sum. (In $Rs.$)

What sum will amount (In ₹) to ₹ $15916.59$ in $3$ years at compound interest, the interest for first, second and third year being $3,2$ and $1$ per cent, respectively?