At what rate percent will Rs. 14100 amount to Rs. 20445 in 5 years at simple interest?
- A. 11%
- B. 8%
- C. 7%
- D. 9% ✓
Correct answer
D. 9%
Explanation
SI = 20445-14100 = 6345. Rate = (6345 x 100)/(14100 x 5) = 9%.
D. 9%
SI = 20445-14100 = 6345. Rate = (6345 x 100)/(14100 x 5) = 9%.