general math MCQ #475

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at simple interest. What is the rate of interest?

general math MCQ #475

  1. Question 1

    Q1. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at simple interest. What is the rate of interest?

    • A) 3%
    • B) 5%
    • C) 6%
    • D) 7%

    Answer: 6%

    Explanation: Simple interest = 15500 − 12500 = Rs. 3000 over 4 years. Rate = (SI × 100)/(P × T) = (3000 × 100)/(12500 × 4) = 6%.