Find the rate of interest if the amount after 2 years of simple interest on a capital of Rs. 1200 is Rs. 1440.
A. 8% B. 9% C. 10% D. 11% Answer: Option CShow Answer
Solution(By Apex Team)
$\begin{array}{l}\text{Amount, A = Rs. 1440}\\
\text{Principal, P = Rs. 1200}\\
\text{Intesrest, I = Rs. (1440}-\text{1200) =240}\\
\text{R}=\frac{240\times100}{1200\times2}=10\%\end{array}$
