railway RPF SI Mock Test Series 2024 Quantitative Aptitude Interest Simple Interest

A certain sum of money amounts to ₹1,250 in 4 years and to ₹1,520 in \(5 \frac{1}{2}\) years at a certain rate of simple interest. Find the rate of interest per annum (correct to two places of decimals).

1
43.96%
2
33.96%
3
23.96%
4
53.96%
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