MCQOPTIONS
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| 1. |
Karina invested Rs. 50000 in a bank under simple interest. The maturity duration was 10 years and the bank had offered 10% per annum simple interest. At the end of 8 years, because of financial problem Karina withdraws all her amount but the bank gave her a lower rate of interest. If she gets Rs. 25000 less than what she would have got at the end of 10 years ,then find the lower rate of interest given by the bank? |
| A. | 7.5% |
| B. | 8.5% |
| C. | 6.5% |
| D. | 6.25% |
| E. | None of these |
| Answer» E. None of these | |