At what rate percent will Rs. 14550 amount to Rs. 21534 in 4 years at simple interest?
- A. 10%
- B. 12% ✓
- C. 14%
- D. 9%
Correct answer
B. 12%
Explanation
SI = 21534-14550 = 6984. Rate = (6984 x 100)/(14550 x 4) = 12%.
B. 12%
SI = 21534-14550 = 6984. Rate = (6984 x 100)/(14550 x 4) = 12%.