The simple interest accrued on an amount of Rs. 9,530 at the end of 6 years is Rs.2,859. What is the rate of interest p.c.p.a. ?

The simple interest accrued on an amount of Rs. 9,530 at the end of

1.	The simple interest accrued on an amount of Rs. 9,530 at the end of 6 years is Rs.2,859. What is the rate of interest p.c.p.a. ?
A.	3 %
B.	5 %
C.	7 %
D.	9 %
Answer» C. 7 %

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The simple interest accrued on an amount of Rs. 9,530 at the end of 6 years is Rs.2,859. What is the rate of interest p.c.p.a. ?

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