At what rate percent will Rs. 13300 amount to Rs. 14896 in 2 years at simple interest?
- A. 7%
- B. 8%
- C. 6% ✓
- D. 5%
Correct answer
C. 6%
Explanation
SI = 14896-13300 = 1596. Rate = (1596 x 100)/(13300 x 2) = 6%.
C. 6%
SI = 14896-13300 = 1596. Rate = (1596 x 100)/(13300 x 2) = 6%.