Saranya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him?

Saranya gives 50 times the rent per annum to purchase a plot from L.I.

1.	Saranya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him?
A.	1%
B.	2%
C.	3%
D.	15%
Answer» C. 3%

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Saranya gives 50 times the rent per annum to purchase a plot from L.I.C. Find the rate of interest from the amount paid by him?

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