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Manoj deposited ₹29400 for 6 years at a simple interest. He got ₹4200 as interest after 6 years. The annual rate of interest was
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2 8 % 21 -
2 7 % 20 -
3 8 % 21 -
4 8 % 21
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Correct Option: A
Here , Simple Interest ( SI ) = ₹ 4200 , P = ₹ 29400 , T = 6 years , Rate = R%
| ∴ SI = | ||
| 100 |
| 4200 = | |
| 100 |
| ⇒ R = | = | = 2 | % | |||
| 294 × 6 | 21 | 21 |
