Arithmeticeasy · Past Paper
Calculate the rate of interest if P = 1000, T = 1 year, and SI = 50.
A2%
B5%
C10%
D50%
✓ Correct Answer: B — 5%
R = (SI * 100) / (P * T) = (50 * 100) / (1000 * 1) = 5%.
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