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

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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.	4%
C.	3%
D.	None of these
Answer» B. 4%

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