The simple interest accrued on an amount of Rs. 12450 at the end of 6 years is Rs. 8964. What is the rate of interest per year?

The simple interest accrued on an amount of Rs. 12450 at the end of

1.	The simple interest accrued on an amount of Rs. 12450 at the end of 6 years is Rs. 8964. What is the rate of interest per year?
A.	8%
B.	14%
C.	10%
D.	12%
Answer» E.

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The simple interest accrued on an amount of Rs. 12450 at the end of 6 years is Rs. 8964. What is the rate of interest per year?

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