At what rate percent will Rs. 12200 amount to Rs. 14152 in 4 years at simple interest?
- A. 6%
- B. 5%
- C. 4% ✓
- D. 3%
Correct answer
C. 4%
Explanation
SI = 14152-12200 = 1952. Rate = (1952 x 100)/(12200 x 4) = 4%.
C. 4%
SI = 14152-12200 = 1952. Rate = (1952 x 100)/(12200 x 4) = 4%.