Question

    ₹2,500, when invested for 8 years at a given rate of

    simple interest per year, amounted to ₹3,725 on maturity. What was the rate of simple interest that was paid per annum?
    A 5.875% Correct Answer Incorrect Answer
    B 6.125% Correct Answer Incorrect Answer
    C 6.25% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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