CUET Preparation Today
The simple interest on Rs.3500 increases by Rs.1400 when the time increases by 2 years. Find the rate of interest per annum. |
20% 25% 22% 14% |
20% |
The increase in interest is due to time ⇒ \(\frac{3500\;×\;2\;×\;R%}{100}\) = 1400 ⇒ rate = 20% |
