At what rate percent will Rs. 10300 amount to Rs. 11330 in 2 years at simple interest?
- A. 5% ✓
- B. 7%
- C. 6%
- D. 4%
Correct answer
A. 5%
Explanation
SI = 11330-10300 = 1030. Rate = (1030 x 100)/(10300 x 2) = 5%.
A. 5%
SI = 11330-10300 = 1030. Rate = (1030 x 100)/(10300 x 2) = 5%.