If Re.250 amounts to Rs.550 over a period of 4 years. What is the rate of simple interest? Options:
A) 31% B) 28% C) 25% D) 22% E) 30%
300 = (250*4*R)/100   R = 30%   Answer:30%
<result>E</result>
If Re.250 amounts to Rs.550 over a period of 4 years. What is the rate of simple interest?