A certain amount is invested in a scheme of simple interest. It amounts to Rs. 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?

A certain amount is invested in a scheme of simple interest. It amount

1.	A certain amount is invested in a scheme of simple interest. It amounts to Rs. 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?
A.	14
B.	24
C.	16
D.	20
Answer» D. 20

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A certain amount is invested in a scheme of simple interest. It amounts to Rs. 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?

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