Quantitative Aptitude : Interest : Discussion

A sum of Rs. 468.75 was lent out at a simple interest and at the end of 1 year 8 month the total amount was Rs. 500. Find the rate of interest per cent per annum.

A. 2%
B. 3%
C. 3.5%
D. 4%

Answer: Option D

No explanation for this question.

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