The simple interest accrued on an amount of Rs 380 at the end of 8 years is Rs 167.20. What is the rate of interest pa ?

The simple interest accrued on an amount of Rs 380 at the end of 8

1.	The simple interest accrued on an amount of Rs 380 at the end of 8 years is Rs 167.20. What is the rate of interest pa ?
A.	3.5 %
B.	4.5 %
C.	5.5 %
D.	6.5 %
Answer» D. 6.5 %

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The simple interest accrued on an amount of Rs 380 at the end of 8 years is Rs 167.20. What is the rate of interest pa ?

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