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%

Posted under Simple Interest Aptitude

Answer: (d).6%

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Q. 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?

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