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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

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