At what rate percent will Rs. 7500 amount to Rs. 9600 in 4 years at simple interest?
- A. 7% ✓
- B. 8%
- C. 5%
- D. 6%
Correct answer
A. 7%
Explanation
SI = 9600-7500 = 2100. Rate = (2100 x 100)/(7500 x 4) = 7%.
A. 7%
SI = 9600-7500 = 2100. Rate = (2100 x 100)/(7500 x 4) = 7%.