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- At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?
Question 1:
At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ? A. 4.58 %
B. 5.96 %
Feedback Difference in amount = 514 - 415 = 99
99 = (415 x 4 x R)/100
R = 5.96%
99 = (415 x 4 x R)/100
R = 5.96%
C. 6.52 %
D. 4.98 %
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