

The Correct question is: At what rate of simple interest per annum will amount 10000 to Rs 12100 in 3 years.
Gicven Amount = 12100
Sum = 10000
Time = 3 years
Let rate of interest = r% per annum
Now, Simple Interest = Amount - Sum
= 12100 - 10000
= 2100
Again, Simple Interest = (Sum*Time*Rate of interest)/100
=> 2100 = (10000 * 3 * r)/100
=> 2100 = 100 * 3 * r
=> 2100 = 300r
=> r = 2100/300
=> r = 7
So, the rate of interest is 7% per annum.
