Professors borrowed Rs. 5000 from the university at simple interest. After 3 years, the university got Rs. 300 on interest. What was the rate of interest per annum?  Pick one:	A) 2%	B) 8%	C) 5%	D) 10%	E) None of these
(100 * 300 )/(5000*3)= 
<gadget id="calculator">(100 * 300 )/(5000*3)</gadget>
<output>2</output>
2%   2%nswer : 2%
<result>A</result>
Professors borrowed Rs. 5000 from the university at simple interest. After 3 years, the university got Rs. 300 on interest. What was the rate of interest per annum?