Simple interest for the sum of 1500 is 30 in 4 yr and 60 in 8 yr. Find the rate of simple interest.

Simple interest for the sum of 1500 is 30 in 4 yr and 60 in 8 yr

1.	Simple interest for the sum of 1500 is 30 in 4 yr and 60 in 8 yr. Find the rate of simple interest.
A.	2.5%
B.	1.5%
C.	0.5%
D.	0.25%
E.	None of the above
Answer» D. 0.25%

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