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The simple interest accrued on a amount of Rs. 12,450 at the end of 6 years is Rs. 8,964. What is the rate of interest p.c.p.a. ?
- A8
- B14
- C10
- D12
Answer not set
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0
CCommunity
Solution
Principal amount = Rs. 12,450
Let rate of interest = $r$ %
=> Simple interest = $\frac{12450 \times r \times 6}{100} = 8964$
=> $r = \frac{8964 \times 100}{12450 \times 6}$
=> $r = 12$%
Principal amount = Rs. 12,450
Let rate of interest = $r$ %
=> Simple interest = $\frac{12450 \times r \times 6}{100} = 8964$
=> $r = \frac{8964 \times 100}{12450 \times 6}$
=> $r = 12$%
0
CCommunity
Solution
Principal amount = Rs. 12,450
Let rate of interest = $r$ %
=> Simple interest = $\frac{12450 \times r \times 6}{100} = 8964$
=> $r = \frac{8964 \times 100}{12450 \times 6}$
=> $r = 12$%
Principal amount = Rs. 12,450
Let rate of interest = $r$ %
=> Simple interest = $\frac{12450 \times r \times 6}{100} = 8964$
=> $r = \frac{8964 \times 100}{12450 \times 6}$
=> $r = 12$%