The simple interest accrued on an amount of Rs. 12,450 at the end of 6 years is Rs. 8,964. What is the rate of interest p.c.p.a. ?

The simple interest accrued on an amount of Rs. 12,450 at the end o

1.	The simple interest accrued on an amount of Rs. 12,450 at the end of 6 years is Rs. 8,964. What is the rate of interest p.c.p.a. ?
A.	12 %
B.	15 %
C.	18 %
D.	21 %
Answer» B. 15 %

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The simple interest accrued on an amount of Rs. 12,450 at the end of 6 years is Rs. 8,964. What is the rate of interest p.c.p.a. ?

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