Question

    Vidhu lends a sum of money which becomes ₹6,500 after

    3 years and ₹7,500 after 5 years at the same simple interest rate. What is the annual rate of simple interest?
    A 6% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 11% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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