At what rate percent will Rs. 11100 amount to Rs. 12654 in 2 years at simple interest?
- A. 7% ✓
- B. 5%
- C. 6%
- D. 8%
Correct answer
A. 7%
Explanation
SI = 12654-11100 = 1554. Rate = (1554 x 100)/(11100 x 2) = 7%.
A. 7%
SI = 12654-11100 = 1554. Rate = (1554 x 100)/(11100 x 2) = 7%.