A) 3%
B) 5%
C) 6%
D) 7%
S.I. = Rs. (15500 – 12500) = Rs. 3000.
Rate= (1000 * S.I)/P*T
Rate = (100*3000)/(12500*4) = 6%
Related MCQs:
- 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 sum of Rs 12500 amounts to Rs. 15500 in the 4 years at the rate of simple interest. Find the rate percent?
- A sum of money at simple interest amounts to Rs 815 in 3 years and to Rs 854 in 4 years The sum is:
- If the interest on Rs. 800 in 2 years is more than the interest on Rs. 400 by Rs. 40 in 2 years, find the rate of simple interest.