At what rate percent will Rs. 12250 amount to Rs. 14088 in 5 years at simple interest?
- A. 3% ✓
- B. 2%
- C. 4%
- D. 5%
Correct answer
A. 3%
Explanation
SI = 14088-12250 = 1838. Rate = (1838 x 100)/(12250 x 5) = 3%.
A. 3%
SI = 14088-12250 = 1838. Rate = (1838 x 100)/(12250 x 5) = 3%.