At what rate percent will Rs. 14550 amount to Rs. 19788 in 3 years at simple interest?
- A. 15%
- B. 14%
- C. 13%
- D. 12% ✓
Correct answer
D. 12%
Explanation
SI = 19788-14550 = 5238. Rate = (5238 x 100)/(14550 x 3) = 12%.
D. 12%
SI = 19788-14550 = 5238. Rate = (5238 x 100)/(14550 x 3) = 12%.