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6. | 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% | |
Answer: Option D | |||||||
Explanation: | |||||||
S.I. = Rs. (15500 - 12500) = Rs. 3000.
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