At what rate percent will Rs. 13400 amount to Rs. 16080 in 2 years at simple interest?
- A. 12%
- B. 8%
- C. 10% ✓
- D. 11%
Correct answer
C. 10%
Explanation
SI = 16080-13400 = 2680. Rate = (2680 x 100)/(13400 x 2) = 10%.
C. 10%
SI = 16080-13400 = 2680. Rate = (2680 x 100)/(13400 x 2) = 10%.