Manoj deposited Rs.29400 for 6 years at a simple interest. He got Rs.4200 as int

Question

Manoj deposited Rs.29400 for 6 years at a simple interest. He got Rs.4200 as interest after 6 years. The annual rate of interest was

Options:

A . 2$7/20$%

B . 2$8/21$%

C . 4$8/21$%

D . 3$8/21$%

Answer: Option B
Answer: (b)Using Rule 1,4200 = ${29400 × 6 × R}/100$R = $4200/{294 × 6} = 50/21 = 2{8}/21$%

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