A) 3%
B) 4%
C) 5%
D) 6%
Correct Answer: D
Solution :
Suppose rate of interest = r% Then, \[15,500=12,500+\frac{12,500\times 4\times r}{100}\] \[\frac{12500\times 4\times r}{100}=3000\] \[r=\frac{3000\times 100}{12500\times 4}\] \[=6%\]You need to login to perform this action.
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