Mathematics for FinancePYQ May 20Question 1300 of 422
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A sum of $46,875$ was lent out at simple interest and at the end of $1$ year $8$ months the total amount was $50,000$. Find the rate of interest percent per annum.

Options

A$5\%$
B$6\%$
C$4\%$
D$8\%$
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Correct Answer

Option c$4\%$

All Options:

  • A$5\%$
  • B$6\%$
  • C$4\%$
  • D$8\%$

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