A sum of Rs. 125000 amounts to Rs. 16500 in 4 years at the rate of simple interest. What is the rate of interest?
Choose the correct option: A) 3% B) 4% C) 5% D) 6% E) 8%
S.I. = (16500 - 12500) = Rs. 4000\   Rate = (100 * 4000) / (12500 * 4)= 
<gadget id="calculator">(100 * 4000) / (12500 * 4)</gadget>
<output>8</output>
8%   ANSW8%R:8%
<result>E</result>
A sum of Rs. 125000 amounts to Rs. 16500 in 4 years at the rate of simple interest. What is the rate of interest?