A sum of ₹2,500 becomes ₹2,975 in 3 years at simple interest. What is the rate of interest? ₹2,500 की राशि साधारण ब्याज पर 3 वर्षों में ₹2,975 हो जाती है। ब्याज की दर क्या है?
A
6% (6%)
B
6.33% (6.33%)
C
7% (7%)
D
7.5% (7.5%)
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Correct Answer 6.33%
Explanation
SI = 2975 - 2500 = ₹475. R = (SI x 100) / (P x T) = (475 x 100) / (2500 x 3) = 19/3 = 6.33%.