Login/RegisterQuantitative Aptitude :: Simple Interest - Discussion
Home > Quantitative Aptitude > Simple Interest > MCQs Questions Discussion
11 / 27
Choose the correct option.
Given that the interest is only earned on principal, if an investment of Rs.1000.00 amount to Rs.1440.00 in two years, then what is the rate of interest earned?
A20%
B21%
C22%
D23%
Answer: Option (Login/Signup)
Show Explanation
Solution: I= (P*R*T)/100 INTEREST( I)= 1440-1000= 440
440=(1000*R*2)/100
R=22%
Asked In ::
STEP-BY-STEP
Solution: I= (P*R*T)/100 INTEREST( I)= 1440-1000= 440
440=(1000*R*2)/100
R=22%
Read Full Answer
Report Error
Please Login First Click Here
