At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years ?

4.58 %
5.96 %
6.52 %
4.98 %

Correct Answer: 5.96 %

Explanation:

Difference in amount = 514 - 415 = 99

99 = (415 x 4 x R)/100

R = 5.96%

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