Comprehension Passage
Direction: Study the table carefully and answer the following questions.
The table consists of data of 5 different people investing in 5 different banks which gives a different set of returns.
|
Banks |
Amount invested |
Rate per annum (%) |
Type of interest given |
Years invested |
Returns |
|
SBI |
Rs. 22,500 |
12% |
S.I |
|
Rs. 29,250 |
|
ICICI |
Rs. 27,500 |
16% |
C.I |
2 |
|
|
HDFC |
Rs. 22,000 |
|
S.I |
4 |
Rs. 35,200 |
|
BOB |
Rs. 10,000 |
20% |
C.I |
|
Rs. 17,280 |
|
PNB |
|
10% |
C.I |
2 |
Rs. 30,250 |
Raju who invested in HDFC thought of investing in another bank, so he invested in Canara Bank giving C.I. at a certain rate. By investing double the amount invested in H.D.F.C he got a return of Rs. 58,564 in 3 years. Calculate the rate of interest.
1
12%
2
15%
3
10%
4
8%
5
9%