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Question

If P=5,000, T=1, S.I.=Rs. 300, R will be.

A
5%
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B
4%
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C
6%
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D
None of the above
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Solution

The correct option is C 6%
Given
I=Rs 300
P=Rs 5000
T=1
Apply the formula for simple interest
I=P×R×T100
300=5000×1×R100
R=30050=6%
Hence option (C) is correct option

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