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Basic Mathematics QUESTION #2843
Question 1
At what rate of Simple Interest will Rs. 4500 amount to Rs. 5400 in 4 years?
  • 4%
  • 5%✔️
  • 6%
  • 7%
Correct Answer Explanation
SI \(= 5400 - 4500 = 900\). Using \(SI = \dfrac{P \times R \times T}{100}\): \(900 = \dfrac{4500 \times R \times 4}{100} \Rightarrow 900 = 180R \Rightarrow R = 5\%\).