At what rate percent will Rs. 13000 amount to Rs. 13780 in 2 years at simple interest?
- A. 2%
- B. 3% ✓
- C. 4%
- D. 5%
Correct answer
B. 3%
Explanation
SI = 13780-13000 = 780. Rate = (780 x 100)/(13000 x 2) = 3%.
B. 3%
SI = 13780-13000 = 780. Rate = (780 x 100)/(13000 x 2) = 3%.