At what rate percent will Rs. 14850 amount to Rs. 19008 in 4 years at simple interest?
- A. 7% ✓
- B. 5%
- C. 8%
- D. 6%
Correct answer
A. 7%
Explanation
SI = 19008-14850 = 4158. Rate = (4158 x 100)/(14850 x 4) = 7%.
A. 7%
SI = 19008-14850 = 4158. Rate = (4158 x 100)/(14850 x 4) = 7%.