At what rate percent will Rs. 13250 amount to Rs. 16430 in 4 years at simple interest?
- A. 8%
- B. 5%
- C. 7%
- D. 6% ✓
Correct answer
D. 6%
Explanation
SI = 16430-13250 = 3180. Rate = (3180 x 100)/(13250 x 4) = 6%.
D. 6%
SI = 16430-13250 = 3180. Rate = (3180 x 100)/(13250 x 4) = 6%.