At what rate percent will Rs. 750 amount to Rs. 938 in 5 years at simple interest?
- A. 5% ✓
- B. 4%
- C. 7%
- D. 6%
Correct answer
A. 5%
Explanation
SI = 938-750 = 188. Rate = (188 x 100)/(750 x 5) = 5%.
A. 5%
SI = 938-750 = 188. Rate = (188 x 100)/(750 x 5) = 5%.