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If Rs.2000 amounts to Rs.2500 in 2 years at simple interest, what is the rate of interest per annum?

Option 1)
8%
Option 2)
37.5%
Option 3)
22%
Option 4)
12.5%
Option 5)
25%

Answers (1)

best_answer

I = A-P

= 2500 -2000 = 500

500 /2000 x 100 = 25 %

Interest for 2 years = 25 %

Interest for 1 years = 25% /2 = 12.5 %

Posted by

rishi.raj

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