Rakesh borrowed Rs.5000 from Ganesh at simple interest. If Ganesh got Rs. 500 more than his capital after 5 years, then the rate of interest per annum is:

Rakesh borrowed Rs.5000 from Ganesh at simple interest. If Ganesh got

1.	Rakesh borrowed Rs.5000 from Ganesh at simple interest. If Ganesh got Rs. 500 more than his capital after 5 years, then the rate of interest per annum is:
A.	2%
B.	3%
C.	4%
D.	5%
Answer» B. 3%

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Rakesh borrowed Rs.5000 from Ganesh at simple interest. If Ganesh got Rs. 500 more than his capital after 5 years, then the rate of interest per annum is:

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