Question

The difference between the simple interest on a fixed amount for 7 years and on the same amount for 12 years is ` 2,500. If the rate of interest is 10% p.a., then the amount is:

• A. ` 6,000
• B. ` 5,000
• C. ` 4,500
• D. ` 5,500

Answer 1

Answer: (D)