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    A sum of Rs. 48,000 was lent out at simple interest and at the end of 2 years and 3 months the total amount was Rs.55,560. Find the rate of interest p
    Question

    A sum of Rs. 48,000 was lent out at simple interest and at the end of 2 years and 3 months the total amount was Rs.55,560. Find the rate of interest per year.

    A.

    7%

    B.

    8%

    C.

    9%

    D.

    10%

    E.

    Answer not known

    Correct option is A

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