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Quantitative Aptitude :: Simple Interest - Discussion

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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 :: Cognizant

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