At what rate percent will Rs. 13400 amount to Rs. 15812 in 3 years at simple interest?
- A. 7%
- B. 5%
- C. 6% ✓
- D. 8%
Correct answer
C. 6%
Explanation
SI = 15812-13400 = 2412. Rate = (2412 x 100)/(13400 x 3) = 6%.
C. 6%
SI = 15812-13400 = 2412. Rate = (2412 x 100)/(13400 x 3) = 6%.