At what rate percent will Rs. 3600 amount to Rs. 5400 in 5 years at simple interest?
- A. 12%
- B. 11%
- C. 8%
- D. 10% ✓
Correct answer
D. 10%
Explanation
SI = 5400-3600 = 1800. Rate = (1800 x 100)/(3600 x 5) = 10%.
D. 10%
SI = 5400-3600 = 1800. Rate = (1800 x 100)/(3600 x 5) = 10%.