state gov RSMSSB Junior Accountant Mock Test 2023 Quantitative Aptitude Interest Simple Interest

An amount becomes Rs. 3795 in 3 years and Rs. 4537.50 in \(7 \frac{1}{2}\) years on simple interest. Find the rate of interest per annum.

1
6 percent
2
5 percent
3
4.5 percent
4
4 percent
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