A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?
Answers.
A) 3%	B) 4%	C) 5%	D) 6%	E) 7%
S.I. = (15500 - 12500) = Rs. 3000\   Rate = (100 * 3000) / (12500 * 4)= 
<gadget id="calculator">(100 * 3000) / (12500 * 4)</gadget>
<output>6</output>
6%   ANSWER:6%
<result>D</result>
A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?