Question
At what annual simple-interest rate will Rs. 4,000 earn Rs. 800 in 5 years?
Select an option. Your answer will be checked instantly.
Correct Answer: D. 4%
Explanation:
Rate = SI × 100 ÷ (P × T).
Thus, 800 × 100 ÷ (4,000 × 5) = 4%.
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