Question

Ankit borrowed RS 5000. At the end of 5 years Ankit had to pay back RS 6225. What was the rate of interest (simple interest method)
1)Rate% = 4% p. a.
2)Rate% = 49% p. a.
3)Rate% = 4.9% p. a.
4)Rate% = 5% p. a.​

Answer 1

Answer:

4.9

Step-by-step explanation:

rate=4.9%p.a by my calculations