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?

18:41 http://calibour.blogspot.com/ No comments

A. 3%
B. 4%
C. 5%
D. 6%
Answer: D

Explanation:

S.I. = Rs. (15500 - 12500) = Rs. 3000.

Rate = (100 x 3000/12500 x 4)% = 6%

0 comments:

Post a Comment