At what rate percent will Rs. 3600 amount to Rs. 4248 in 3 years at simple interest?
- A. 5%
- B. 7%
- C. 6% ✓
- D. 8%
Correct answer
C. 6%
Explanation
SI = 4248-3600 = 648. Rate = (648 x 100)/(3600 x 3) = 6%.
C. 6%
SI = 4248-3600 = 648. Rate = (648 x 100)/(3600 x 3) = 6%.