At what rate percent will Rs. 5550 amount to Rs. 6882 in 4 years at simple interest?
- A. 6% ✓
- B. 7%
- C. 5%
- D. 8%
Correct answer
A. 6%
Explanation
SI = 6882-5550 = 1332. Rate = (1332 x 100)/(5550 x 4) = 6%.
A. 6%
SI = 6882-5550 = 1332. Rate = (1332 x 100)/(5550 x 4) = 6%.