At what rate percent will Rs. 2100 amount to Rs. 2226 in 2 years at simple interest?
- A. 2%
- B. 3% ✓
- C. 4%
- D. 5%
Correct answer
B. 3%
Explanation
SI = 2226-2100 = 126. Rate = (126 x 100)/(2100 x 2) = 3%.
B. 3%
SI = 2226-2100 = 126. Rate = (126 x 100)/(2100 x 2) = 3%.