Question

15.000 is deposited at simple interest. If the amount after 8 years is
25.800, find the rate of interest.
(2013)
(A) 5%
(B) 9% (C) 10%
(D) 11%​

Answer 1

Answer:

B)9%

Step-by-step explanation:

Interest=A-P

I=25.800-15.000

I=10.800

Rate=I×100/P×T

=10.800×100/15.000×8

=9%