At what rate percent will Rs. 3600 amount to Rs. 4572 in 3 years at simple interest?
- A. 10%
- B. 11%
- C. 7%
- D. 9% ✓
Correct answer
D. 9%
Explanation
SI = 4572-3600 = 972. Rate = (972 x 100)/(3600 x 3) = 9%.
D. 9%
SI = 4572-3600 = 972. Rate = (972 x 100)/(3600 x 3) = 9%.