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Discussion :: Simple Interest

  1. 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?

    2. A.

    3%
    B.
    4%
    C.

    5%
    D.
    6%
    E.

    None of these

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    Workspace

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    Answer : Option D

    Explanation :

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

     

    Rate = \([\frac { 100*3000 } {1 2500*4 }]\)   % = 6%
     

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