Amount of simple interest accrued on an amount of Rs $28500$ in seven years is Rs $23940$ . What is the rate of interest p.a. ?

10.5

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11

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12

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Solution

The correct option is D $12$
We have $S . I = \frac{P N R}{100}$

$=> 23940 = \frac{28500 \times 7 \times R}{100}$
$=> R = 12$ %

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Amount of simple interest accrued on an amount of Rs 28500 in seven years is Rs 23940. What is the rate of interest p.a. ?

The correct option is D 12We have S.I=PNR100=>23940=28500×7×R100=>R=12%

Amount of simple interest accrued on an amount of Rs $28500$ in seven years is Rs $23940$ . What is the rate of interest p.a. ?

The correct option is D $12$
We have $S . I = \frac{P N R}{100}$

$=> 23940 = \frac{28500 \times 7 \times R}{100}$
$=> R = 12$ %