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) 6%

B) 8%

C) 10%

D) None of these

We Know that,  S.I = P*R*T/100

                             R = (S.I*100)/P*T

                            S.I = 15500 – 12500 = 3000.

                              R = (3000*100)/12500*4 = 6%

Related MCQs:
  1. A sum of Rs.12,500 amounts to Rs. 15,500 in 4 years after interest. What is the rate of interest?
  2. A sum of Rs 12500 amounts to Rs. 15500 in the 4 years at the rate of simple interest. Find the rate percent?
  3. A sum of money at simple interest amounts to Rs 815 in 3 years and to Rs 854 in 4 years The sum is:
  4. 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.