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A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent
- A3%
- B6%
- C9%
- D12%
Correct answer: B
Discussion 1
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CCommunity
6%
S.I.=P∗R∗T/100
=>R=(S.I.∗100)/(P∗T)
So, S.I = 15500 - 12500 = 3000.
=>R=(3000∗100)/(12500∗4)=6%
S.I.=P∗R∗T/100
=>R=(S.I.∗100)/(P∗T)
So, S.I = 15500 - 12500 = 3000.
=>R=(3000∗100)/(12500∗4)=6%