At what rate percent will Rs. 7900 amount to Rs. 10665 in 5 years at simple interest?
- A. 8%
- B. 9%
- C. 6%
- D. 7% ✓
Correct answer
D. 7%
Explanation
SI = 10665-7900 = 2765. Rate = (2765 x 100)/(7900 x 5) = 7%.
D. 7%
SI = 10665-7900 = 2765. Rate = (2765 x 100)/(7900 x 5) = 7%.