Peter invested a certain sum of money in a simple interest bond whose value grew to Rs. 600 at the end of 6 years, and to Rs. 800 at the end of another 10 years. What was the rate of interest?

Peter invested a certain sum of money in a simple interest bond whose

1.	Peter invested a certain sum of money in a simple interest bond whose value grew to Rs. 600 at the end of 6 years, and to Rs. 800 at the end of another 10 years. What was the rate of interest?
A.	0.12
B.	0.1666
C.	0.1867
D.	0.1925
Answer» C. 0.1867

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Peter invested a certain sum of money in a simple interest bond whose value grew to Rs. 600 at the end of 6 years, and to Rs. 800 at the end of another 10 years. What was the rate of interest?

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