Q. At what rate of simple interest per annum can an amount of Rs. 1553.40 be obtained on the principal amount of Rs. 8630 after 3 years?

  • (A) 4 p.c.p.a
  • (B) 5 p.c.p.a
  • (C) 7 p.c.p.a
  • (D) 6 p.c.p.a
βœ… Correct Answer: (D) 6 p.c.p.a

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