Compound interest earned on a sum for the second and the third years are Rs.2500 and Rs.2625 respectively. Find the rate of interest?
Select the correct option
A) 10% p.a. B) 5% p.a. C) 15% p.a. D) 12.5% p.a. E) None of these.
Rs.2625 - 2500 = Rs.125 is the interest on Rs.2500 for one year.   Rate of interest = (125/2500) * 100= 
<gadget id="calculator">(125/2500) * 100</gadget>
<output>5</output>
5% p.a   ANSWER:5% p.a.
<result>B</result>
Compound interest earned on a sum for the second and the third years are Rs.2500 and Rs.2625 respectively. Find the rate of interest?