Mathematics · Simple Interest

A certain sum becomes Rs. 26,980 in 3 years and Rs. 40,280 in 8 years at simple interest. Find the annual rate of interest.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

111%
213%
312%
414%✓

Correct answer

14%

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A certain sum becomes Rs. 26,980 in 3 years and Rs. 40,280 in 8 years at simple interest. Find the annual rate of interest.

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A certain sum becomes Rs. 26,980 in 3 years and Rs. 40,280 in 8 years at simple interest. Find the annual rate of interest.

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