A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?

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A. 12.25%
B. 12%
C. 6%
D. 13.75%
✅ The correct answer is option D. 13.75%.
Simple Interest, SI = (3875 – 2500) = Rs.1375

Principal, P = Rs. 2500

Time, T = 4 years

R = ?

R=100×SI/PT=100×13752/500×4

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