Difficulty: Easy
Correct Answer: 15%
Explanation:
Introduction / Context:
Here amount and principal are known over a time period, so the total simple interest and the annual rate can be computed directly.
Given Data / Assumptions:
Concept / Approach:
SI = A − P; then r = SI / (P * t).
Step-by-Step Solution:
SI = 4669 − 2668 = ₹ 2001.r = 2001 / (2668 * 5) = 2001 / 13340 = 0.15.Convert to percent: r = 15% per annum.
Verification / Alternative check:
Per year SI = P * r = 2668 * 0.15 = 400.2; in 5 years: 400.2 * 5 = 2001; A = 2668 + 2001 = 4669.
Why Other Options Are Wrong:
They are near-misses to distract; only 15% exactly reproduces the given amount.
Common Pitfalls:
Arithmetic slips when subtracting or multiplying decimals.
Final Answer:
15%
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