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At what rate per annum will a sum of ₹ 5000 amount to ₹ 6000 in 4 years?
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- 6% Percent Per annum
- 4% Percent Per annum
- 5% Percent Per annum
- 4.5% Percent Per annum
- 6% Percent Per annum
Correct Option: C
Here, P = ₹ 5000 , A = ₹ 6000 , T = 4 years
So, SI = Amount – Principal = ₹ (6000 – 5000) = ₹ 1000
As we know that ,
| Rate = | |
| Principal × Time |
| ⇒ R = | ⇒ R = 5%. | |
| 5000 × 4 |
