If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

A

10%
B

12%
C

15%
D

20%

Explanation:

The rate of interest is 10% using SI = (P x R x T) / 100

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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