At what rate percent will Rs. 10350 amount to Rs. 12420 in 2 years at simple interest?
- A. 8%
- B. 11%
- C. 9%
- D. 10% ✓
Correct answer
D. 10%
Explanation
SI = 12420-10350 = 2070. Rate = (2070 x 100)/(10350 x 2) = 10%.
D. 10%
SI = 12420-10350 = 2070. Rate = (2070 x 100)/(10350 x 2) = 10%.