Multiple Choice Questions on The simple interest accrued on an amount of Rs 12450 at the end of 6 years is Rs 8964 What is the ra........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The simple interest accrued on an amount of Rs 12450 at the end of 6 years is Rs 8964 What is the ra...........

Quant (SSC) Simple Interest
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    The simple interest accrued on an amount of Rs. 12450 at the end of 6 years is Rs. 8964. What is the rate of interest per year?

    8%

    Incorrect Answer

    14%

    Incorrect Answer

    10%

    Incorrect Answer

    12%

    Correct Answer
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    Explanation:

    SI = 8964  and  T = 6 yrs,  P = 12450
    Then, rate = 8964 × 100 /12450 × 6 = 12%

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