Arithmeticeasy · Past Paper
What is the rate of interest if Rs 400 becomes Rs 500 in 5 years under simple interest?
A4%
B5%
C10%
D20%
✓ Correct Answer: B — 5%
Interest = 500 - 400 = 100. R = (100*100)/(400*5) = 10000/2000 = 5%.
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