At what rate percent will Rs. 12250 amount to Rs. 16660 in 4 years at simple interest?
- A. 7%
- B. 10%
- C. 11%
- D. 9% ✓
Correct answer
D. 9%
Explanation
SI = 16660-12250 = 4410. Rate = (4410 x 100)/(12250 x 4) = 9%.
D. 9%
SI = 16660-12250 = 4410. Rate = (4410 x 100)/(12250 x 4) = 9%.