At what rate percent will Rs. 7600 amount to Rs. 9424 in 3 years at simple interest?
- A. 8% ✓
- B. 10%
- C. 7%
- D. 6%
Correct answer
A. 8%
Explanation
SI = 9424-7600 = 1824. Rate = (1824 x 100)/(7600 x 3) = 8%.
A. 8%
SI = 9424-7600 = 1824. Rate = (1824 x 100)/(7600 x 3) = 8%.