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Numerical Ability
Simple & Compound Interest
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A. 3%
B. 4%
C. 5%
D. 6%
E. None of these
Read Solution (Total 1)
-
- 6%
SI = P*r*t/100
(15500-12500) = 12500*r*4/100
r= 6% - 13 years agoHelpfull: Yes(2) No(0)
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