A sum of Rs 468.75 was lent out at simple interest and at the end of 1 year and 8 months, the total amount of Rs 500 is received. find the rate of interest?	Answers:
A) 3% B) 4% C) 5% D) 6% E) 7%
Here P=468.75 which is the principle.   Amount=Rs 500   Amount =SI+P   500=[468.75*(20/12)*R]/100 + 468.75   31.25=156.25*5R/100   R=4%   ANSWER:4%
<result>B</result>
A sum of Rs 468.75 was lent out at simple interest and at the end of 1 year and 8 months, the total amount of Rs 500 is received. find the rate of interest?