Q:

What is the value of rate of interest?

A. A sum of Rs. 8000 is invested at simple interest for 3 years in scheme A which offers a certain rate of interest. Amount obtained from scheme A is equal to the amount obtained when Rs 9000 is invested in scheme B for 2 years at C.I.

B. Rate of interest for scheme B is same as rate of interest for scheme A.

• 1
  A
• 2
  B
• 3
  C
• 4
  D
• 5
  E