If a sum of money becomes Rs. 4000 in 2 years and Rs. 5500 in 4 years 6 months a

Question

If a sum of money becomes Rs. 4000 in 2 years and Rs. 5500 in 4 years 6 months at the same rate of simple interest per annum. Then the rate of simple interest is = ?

Options:

A . $${\text{21}}\frac{3}{7}$$ %

B . $${\text{21}}\frac{2}{7}$$ %

C . $${\text{21}}\frac{1}{7}$$ %

D . $${\text{21}}\frac{5}{7}$$ %

Answer: Option A

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