If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of 4th year and 5th year respectively a certain rate of simple interest, then the rate of interest is

If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of

1.	If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of 4th year and 5th year respectively a certain rate of simple interest, then the rate of interest is
A.	10%
B.	12%
C.	18%
D.	20%
Answer» D. 20%

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If a sum of money amounts to ₹ 12900 and ₹ 14250 at the end of 4th year and 5th year respectively a certain rate of simple interest, then the rate of interest is

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