Question
Mathematics Question on Simple Interest
At what rate of simple interest, a sum of ₹1,800 will become ₹2,700 in 10 years?
A
10%
B
6%
C
6.75%
D
5%
Answer
5%
Explanation
Solution
The correct option is (D) : 5%
At what rate of simple interest, a sum of ₹1,800 will become ₹2,700 in 10 years?
10%
6%
6.75%
5%
5%
The correct option is (D) : 5%