At what rate percent will Rs. 10700 amount to Rs. 14552 in 3 years at simple interest?
- A. 12% ✓
- B. 10%
- C. 15%
- D. 14%
Correct answer
A. 12%
Explanation
SI = 14552-10700 = 3852. Rate = (3852 x 100)/(10700 x 3) = 12%.
A. 12%
SI = 14552-10700 = 3852. Rate = (3852 x 100)/(10700 x 3) = 12%.