At what rate of simple interest will Rs 4 800 amount to Rs 6 480 in a span of 7 years ........

Quant (SSC) Simple Interest

At what rate of simple interest will Rs. 4,800 amount to Rs. 6,480 in a span of 7 years ?

SI = Amount – Principal
= 6480 – 4800 = ? 1,680
R = SI x 100 / P x T
= 1680 × 100 /4800 x 7 = 5%

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