A sum of ₹1,456, when invested for ten years, amounts to ₹2,366 on maturity. Find the rate of simple interest per annum that was to be paid on the sum...

Question

A sum of ₹1,456, when invested for ten years, amounts to ₹2,366 on maturity. Find the rate of simple interest per annum that was to be paid on the sum invested.

Options

A.

5.75%

B.

6.5%

C.

6.25%

D.

6.15%

simple interestinterest ratebasic arithmeticssc 2024

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