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%
Answers
Answered by
10
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%
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