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A money lender charges Rs10 for Rs100 per month in advance then effective rate of interest per annum charged by money lender is: [given ( 10 9 )^12 ≈…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

A money lender charges Rs10 for Rs100 per month in advance then effective rate of interest per annum charged by money lender is: [given (109)12≈3.541\left(\frac{10}{9}\right)^{12} \approx 3.541(910​)12≈3.541]

Official previous-year question

Held on 21 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    23.45%

  2. B

    25.41%

  3. C

    24.41%

  4. D

    10%

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