Arithmeticeasy · Past Paper
At what rate of simple interest will Rs 2000 yield an interest of Rs 400 in 2 years?
A5%
B8%
C10%
D12%
✓ Correct Answer: C — 10%
R = (I*100)/(P*T) = (400*100)/(2000*2) = 40000/4000 = 10%.
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