A bond gets matured in 10 years. Ram invested Rs. 42000 in this bond and received Rs. 105000 once the bond matured. If the bond was under simple interest, then what was the rate of interest per annum ?

A bond gets matured in 10 years. Ram invested Rs. 42000 in this bond a

1.	A bond gets matured in 10 years. Ram invested Rs. 42000 in this bond and received Rs. 105000 once the bond matured. If the bond was under simple interest, then what was the rate of interest per annum ?
A.	10%
B.	12.5%
C.	15%
D.	7.5%
E.	None of these
Answer» D. 7.5%

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A bond gets matured in 10 years. Ram invested Rs. 42000 in this bond and received Rs. 105000 once the bond matured. If the bond was under simple interest, then what was the rate of interest per annum ?

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