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?

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of si

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?
A.	3%
B.	4%
C.	5%
D.	6%
E.	None of these
Answer» E. None of these

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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?

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