At what rate percent per annum on simple interest will ₹760 amount to ₹912 in 5 years?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 4%.
Simple Interest = 912 − 760 = ₹152
SI =
⇒ 152 =
⇒ 152 = 38R
⇒ R = 4%