Question

The amount grows to Rs. 15,500 in 4 years from Rs. 12,500 at the rate of simple interest. What is the rate of interest?

5.49%

6%

3.12%

4.15%

None of them​

Answer 1

The amount grows to Rs. 15,500 in 4 years from Rs. 12,500 at the rate of simple interest. What is the rate of interest?

5.49%

6%

3.12%

4.15%

None of them

your answer is 6%