A sum of ₹2,500 amounts to ₹2,900 in 2 years at a certain rate of simple interest. What is the annual rate of interest? ₹2,500 की राशि साधारण ब्याज की एक निश्चित दर पर 2 वर्षों में ₹2,900 हो जाती है। वार्षिक ब्याज दर क्या है?
A
6% (6%)
B
8% (8%)
C
10% (10%)
D
12% (12%)
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Correct Answer 8%
Explanation
Interest = 2900 - 2500 = ₹400. Using I = PRT/100: 400 = (2500 * R * 2) / 100 => 400 = 50R => R = 8%.