A sum of ₹7,500 amounts to ₹8,400 in 2 years at simple interest. What is the rate of interest per annum? ₹7,500 की राशि साधारण ब्याज पर 2 वर्षों में ₹8,400 हो जाती है। वार्षिक ब्याज दर क्या है?
A
5% (5%)
B
6% (6%)
C
7% (7%)
D
8% (8%)
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Correct Answer 6%
Explanation
Interest (SI) = 8400 - 7500 = ₹900. Using SI = (P x R x T) / 100: 900 = (7500 x R x 2) / 100, 900 = 150R, R = 6%.