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A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
3%
4%
5%
6%
None of these
Read Solution (Total 1)
6%
si=p*t*r/100
12 years ago
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Infosys Other Question
Reena took a loan of 1200 with simple interest for as many years as the rate of interest. If she paid 432 as interest at the end of the loan period, what was the rate of interest?
3.6
6
18
Cannot be determined
None of these
A person takes a loan of 200 at 5% simple interest. He returns 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
105
110
115
115.50