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

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of si

1.	A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest
A.	0.03
B.	0.04
C.	0.05
D.	0.06
Answer» E.