What is the rate percent when the simple interest on Rs.2000 amount to Rs.500 in 2 Years?	Select the correct option:
A) 5%
B) 6%
C) 12.5%
D) 95%
E) 1%
Interest for 2yrs = 500   Interest for 1yr = 250   Interest rate = 250/2000 x 100 = 12.5%   Answer : 12.5%
<result>C</result>
What is the rate percent when the simple interest on Rs.2000 amount to Rs.500 in 2 Years?