If Re.250 amounts to Rs.400 over a period of 5 years. What is the rate of simple interest?
Choose the correct choice from the following:	A) 11%	B) 12%	C) 13%	D) 10%	E) 14%
150 = (250*5*R)/100   R = 12%   Answer:12%
<result>B</result>
If Re.250 amounts to Rs.400 over a period of 5 years. What is the rate of simple interest?