Question

A sum of Rs 12500 amounts to Rs 15500 in 4 years at simple interest . What is the rate of interest ?
1)7 %
2)4 %
3)5 %
4)6 %
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Answer 1

Answer:

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 ? Answer - 6 %

Answer 2

Answer:

5% is the rate of intrest