A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?

A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of

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?
A.	3%
B.	4%
C.	5%
D.	6%
Answer» E.

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A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?

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