At what rate percent will Rs. 10900 amount to Rs. 13516 in 2 years at simple interest?
- A. 11%
- B. 15%
- C. 10%
- D. 12% ✓
Correct answer
D. 12%
Explanation
SI = 13516-10900 = 2616. Rate = (2616 x 100)/(10900 x 2) = 12%.
D. 12%
SI = 13516-10900 = 2616. Rate = (2616 x 100)/(10900 x 2) = 12%.