Arithmeticmedium · Past Paper
A sum of Rs 12500 amounts to Rs 15500 in 4 years at simple interest. Find the rate.
A3%
B4%
C5%
D6%
✓ Correct Answer: D — 6%
I = 3000. R = (3000*100)/(12500*4) = 300000/50000 = 6%.
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