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UP TGT Mathematics Commercial mathematics Test Series - Part 2

At what rate percent per annum will Rs. 5,000 amount to Rs. 6,000 in 4 years at simple interest?

Type: MCQ • Marks: 1
At what rate percent per annum will Rs. 5,000 amount to Rs. 6,000 in 4 years at simple interest?
Options
A. 8
B. 4
C. 6
D. 5
Explanation
SI=1000. Rate=(100×1000)/(5000×4)=5%.
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