# CBSE Class 7 Answered

**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 | 04 Jun, 2014, 01:23: PM

Expert Answer

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

Answered by | 04 Jun, 2014, 03:23: PM

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