Question

3. At what rate per annum will the simple interest on 3,650 be 1,314 after
3 years?
(A) 8%
(B) 10%
(2016) A
(C) 12% (D) 15%​

Answer 1

Answer:

(C) 12%

Step-by-step explanation:

Principle = 3650

Time = 3

S. I = 1314

Therefore,

Rate = (S.I × 100)/P × R

= 13140/365 × 3

=13140/1095

=12%