If an amount of Rs. 5,000 earned a simple interest of Rs. 500 over 2 years, what is the rate of simple interest?

If an amount of Rs. 5,000 earned a simple interest of Rs. 500 over 2 y

1.	If an amount of Rs. 5,000 earned a simple interest of Rs. 500 over 2 years, what is the rate of simple interest?
A.	4%
B.	2%
C.	5%
D.	5.5%
Answer» D. 5.5%

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If an amount of Rs. 5,000 earned a simple interest of Rs. 500 over 2 years, what is the rate of simple interest?

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