At what rate percent will Rs. 12350 amount to Rs. 14079 in 2 years at simple interest?
- A. 7% ✓
- B. 6%
- C. 8%
- D. 9%
Correct answer
A. 7%
Explanation
SI = 14079-12350 = 1729. Rate = (1729 x 100)/(12350 x 2) = 7%.
A. 7%
SI = 14079-12350 = 1729. Rate = (1729 x 100)/(12350 x 2) = 7%.