A) 5.0%
B) 5.1%
C) 5.2%
D) 4.8%
Correct Answer: A
Solution :
Let the principal\[=Rs.\,P\] \[\therefore \] Simple interest\[=Rs.\frac{P}{4}\] Let the number of years\[=t\,yr\] \[\therefore \] Rate of interest\[=t\,%\] Hence, \[\frac{P}{4}=\frac{P\times t\times t}{100}\] \[\Rightarrow \] \[{{t}^{2}}=25\] \[\Rightarrow \] \[t=5\]You need to login to perform this action.
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