Question

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest

A) 3% B) 4% C) 5% D) 6%

Answer 1

Answer:

15,500 in the 4 years at the rate of simple interest. Find the rate percent. So, S.I = 15500 - 12500 = 3000.

Step-by-step explanation:

Answer 2

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