Lessons

General Aptitude
3.1 Simple Interest - General Questions

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Q.

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?

View Answer

Correct choice: D

Explanation:

S.I. = Rs. (15500 - 12500) = Rs. 3000.

Rate = 100 x 3000 % = 6%
12500 x 4
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