At what rate percent will Rs. 10600 amount to Rs. 12508 in 2 years at simple interest?
- A. 10%
- B. 9% ✓
- C. 11%
- D. 7%
Correct answer
B. 9%
Explanation
SI = 12508-10600 = 1908. Rate = (1908 x 100)/(10600 x 2) = 9%.
B. 9%
SI = 12508-10600 = 1908. Rate = (1908 x 100)/(10600 x 2) = 9%.