a) 5.5%
b) 6.0%
c) 6.25%
d) 6.75%
Answer: c
Explanation:
$$\eqalign{
& {\text{S}}{\text{.I}}{\text{. on Rs}}{\text{. 672 for 1 year}} \cr
& {\text{ = Rs}}{\text{. }}\left( {714 – 672} \right) \cr
& {\text{ = Rs}}{\text{. 42}} \cr
& {\text{Rate = }}\left( {\frac{{100 \times 42}}{{672 \times 1}}} \right){\text{% }} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ = 6}}{\text{.25% }} \cr} $$
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