What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in

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Question

What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in 4 Years?

Options:

A . 5%

B . 6%

C . 4 1/2%

D . 3 1/2 %

Answer: Option A

160 = (180*4*R)/100

R = 5%

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