At what rate percent will Rs. 12000 amount to Rs. 14400 in 2 years at simple interest?
- A. 11%
- B. 12%
- C. 10% ✓
- D. 8%
Correct answer
C. 10%
Explanation
SI = 14400-12000 = 2400. Rate = (2400 x 100)/(12000 x 2) = 10%.
C. 10%
SI = 14400-12000 = 2400. Rate = (2400 x 100)/(12000 x 2) = 10%.