Q. At what rate of simple interest per annum can an amount of Rs. 1553.40 be obtained on the principal amount of Rs. 8630 after 3 years?

• A. 4 p.c.p.a
• B. 5 p.c.p.a
• C. 7 p.c.p.a
• D. 6 p.c.p.a

Correct Answer: D