At what rate percent will Rs. 6150 amount to Rs. 7134 in 2 years at simple interest?
- A. 9%
- B. 8% ✓
- C. 6%
- D. 10%
Correct answer
B. 8%
Explanation
SI = 7134-6150 = 984. Rate = (984 x 100)/(6150 x 2) = 8%.
B. 8%
SI = 7134-6150 = 984. Rate = (984 x 100)/(6150 x 2) = 8%.