At what rate percent will Rs. 14400 amount to Rs. 15552 in 2 years at simple interest?
- A. 3%
- B. 5%
- C. 6%
- D. 4% ✓
Correct answer
D. 4%
Explanation
SI = 15552-14400 = 1152. Rate = (1152 x 100)/(14400 x 2) = 4%.
D. 4%
SI = 15552-14400 = 1152. Rate = (1152 x 100)/(14400 x 2) = 4%.