At what rate percent will Rs. 4100 amount to Rs. 5576 in 4 years at simple interest?
- A. 8%
- B. 10%
- C. 11%
- D. 9% ✓
Correct answer
D. 9%
Explanation
SI = 5576-4100 = 1476. Rate = (1476 x 100)/(4100 x 4) = 9%.
D. 9%
SI = 5576-4100 = 1476. Rate = (1476 x 100)/(4100 x 4) = 9%.