A sum of Rs. 1,250 amounts to Rs. 1,550 in 4 years at simple interest. Find the rate of interest per annum.

Type: MCQ • Marks: 1

A. 1) 8%

B. 2) 7%

C. 3) 6%

D. 4) 5%

Explanation

SI = 1550 - 1250 = Rs. 300. Rate (R) = (300 * 100) / (1250 * 4) = 30000 / 5000 = 6% per annum.

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UP TGT Mathematics

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