Question

Find the rate of interest if amount after 2 years on simple interest on a capital of Rs 1000 is Rs 1200.

ATQ, SI P R T100 SI 1000 R 2100 SI 20R SI P 1200 20R 1000 200 20R R 10

A 5 percent

B 20 percent

C 10 percent

D 15 percent

Detailed Solution