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Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. What is percentage rate of interest?
8%
9%
10%
11%
10%
Practice and solve "Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. What is percentage rate of interest?..." for Electrical - Economics for Engineers. The correct answer is Option C: 10%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(c) **