In this question, the sets of numbers given in the alternatives are represented. The columns and rows of Matrix I are numbered from 0 to 4 and that of Matrix II are numbered from 5 to 9. A letter from these matrices can be represented first by its row and next by its column, e.g., A can be represented by 03,55, etc., and 'P' can be represented by 10, 44, etc. Similarly you have to identify the set for the word 'BOAT'.
A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)?