Practicing Success
The Rate Percent per annum at which 1200 amount to 1440 in 4 year is? |
8% 6% 4% 5% |
5% |
Amount = Principal + Simple interest SI = 1440 - 1200 = 240 SI = \(\frac{ P × R × T }{100}\) 240 = \(\frac{ 1200 × R × 4 }{100}\) 2 = \(\frac{ R × 4 }{10}\) R = 5% The correct answer is Option (4) → 5% |