A sum of 1600 Rs. gives a simple interest of 252 Rs. in 2 years and 3 months. The rate of the interest per annum is :
A sum of 1600 Rs. gives a simple interest of 252 Rs. in 2 years and 3 months. The rate of the interest per annum is :
[A]
[B]
[C]
[D]
Principal = 1600 Rs.
T = 2 years 3 months
S.I = 252 Rs.
R = % rate of interest per annum
Rate of interest = 7% per annum
Hence option [C] is the right answer.
