Q. A sum of Rs 800 becomes Rs 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?
A) 25
B) 12.5
C) 17
D) 8.5
✔ Correct Answer: 12.5
Exam Insight
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A) 25
B) 12.5
C) 17
D) 8.5
✔ Correct Answer: 12.5
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