A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple

1.	A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A.	5 %
B.	6 %
C.	7 %
D.	8 %
Answer» C. 7 %

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A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

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