Math Problem Statement
A sum of Rs.4,000 becomes Rs.8,000 in 10 years. At what % rate the simple interest is calculated? (A) 12.5% (B) 15% (C) 5% (D) 10%
Solution
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Math Problem Analysis
Mathematical Concepts
Simple Interest
Algebra
Formulas
A = P(1 + (r * t) / 100)
Theorems
Simple Interest Formula
Suitable Grade Level
Grades 8-10
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