Q. A sum of ₹5000 becomes ₹5750 in 3 years. What is the rate of simple interest?
✅ Correct Answer: (B)
5%
Explanation: SI = 5750 − 5000 = 750 → SI = PRT/100 → 750 = (5000×R×3)/100 → R = 5%.
Explanation by: Mr. Dubey
SI = 5750 − 5000 = 750 → SI = PRT/100 → 750 = (5000×R×3)/100 → R = 5%.