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Discussion :: Simple Interest

  1. A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?
    2. A.
    3%
    B.
    4%
    C.
    5%
    D.
    6%

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    Workspace

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    Answer : Option D

    Explanation :

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

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

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