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The simple interest on a sum of money fo...

The simple interest on a sum of money for 3 years is `Rs. 240` and the compound interest on the same sum, at the same rate for 2 years is `Rs. 170`. The rate of interest is:

A

`8% `

B

`29(1)/6%`

C

`12(1)/2%`

D

`5(5)/(17)%`

Text Solution

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The correct Answer is:
C
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KIRAN PUBLICATION-COMPOUND INTEREST-QUESTIONS ASKED IN PREVIOUS SSC EXAMS TYPE-IV
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