A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

Asked by Topperlearning User | 4th Jun, 2014, 01:23: PM

Expert Answer:

S.I. =  Rs (A - P) = Rs (15500 - 12500) = Rs. 3000.

Answered by  | 4th Jun, 2014, 03:23: PM