At what rate percent will Rs. 12550 amount to Rs. 15186 in 3 years at simple interest?
- A. 5%
- B. 7% ✓
- C. 8%
- D. 6%
Correct answer
B. 7%
Explanation
SI = 15186-12550 = 2636. Rate = (2636 x 100)/(12550 x 3) = 7%.
B. 7%
SI = 15186-12550 = 2636. Rate = (2636 x 100)/(12550 x 3) = 7%.