At what rate percent will Rs. 10100 amount to Rs. 11918 in 2 years at simple interest?
- A. 8%
- B. 9% ✓
- C. 10%
- D. 7%
Correct answer
B. 9%
Explanation
SI = 11918-10100 = 1818. Rate = (1818 x 100)/(10100 x 2) = 9%.
B. 9%
SI = 11918-10100 = 1818. Rate = (1818 x 100)/(10100 x 2) = 9%.