At what rate percent will Rs. 14800 amount to Rs. 16576 in 2 years at simple interest?
- A. 7%
- B. 5%
- C. 6% ✓
- D. 8%
Correct answer
C. 6%
Explanation
SI = 16576-14800 = 1776. Rate = (1776 x 100)/(14800 x 2) = 6%.
C. 6%
SI = 16576-14800 = 1776. Rate = (1776 x 100)/(14800 x 2) = 6%.