At what rate percent will Rs. 14650 amount to Rs. 19924 in 4 years at simple interest?
- A. 8%
- B. 10%
- C. 9% ✓
- D. 7%
Correct answer
C. 9%
Explanation
SI = 19924-14650 = 5274. Rate = (5274 x 100)/(14650 x 4) = 9%.
C. 9%
SI = 19924-14650 = 5274. Rate = (5274 x 100)/(14650 x 4) = 9%.