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