At what rate percent will Rs. 13050 amount to Rs. 19314 in 4 years at simple interest?
- A. 12% ✓
- B. 14%
- C. 11%
- D. 13%
Correct answer
A. 12%
Explanation
SI = 19314-13050 = 6264. Rate = (6264 x 100)/(13050 x 4) = 12%.
A. 12%
SI = 19314-13050 = 6264. Rate = (6264 x 100)/(13050 x 4) = 12%.