At what simple interest rate will Rs. 1400 earn Rs. 224 in 2 years a. 8% b. 8.23% c. 9% d. 9.23%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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At what simple interest rate will Rs. 1400 earn Rs. 224 in 2 years
a.
8%
b.
8.23%
c.
9%
d.
9.23%
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