At what rate percent will Rs. 14850 amount to Rs. 17226 in 2 years at simple interest?
- A. 6%
- B. 7%
- C. 9%
- D. 8% ✓
Correct answer
D. 8%
Explanation
SI = 17226-14850 = 2376. Rate = (2376 x 100)/(14850 x 2) = 8%.
D. 8%
SI = 17226-14850 = 2376. Rate = (2376 x 100)/(14850 x 2) = 8%.