At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

At a simple interest, a sum amounts to 1012 in 21/2 and becomes 10

1.	At a simple interest, a sum amounts to 1012 in 2¹/₂ and becomes 1067.20 in 4 yr. What is the rate of interest
A.	2.5%
B.	3%
C.	4%
D.	5%
Answer» D. 5%

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At a simple interest, a sum amounts to 1012 in 2<sup>1</sup>/<sub>2</sub> and becomes 1067.20 in 4 yr. What is the rate of interest

At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

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At a simple interest, a sum amounts to 1012 in 2¹/₂ and becomes 1067.20 in 4 yr. What is the rate of interest