Deepak invested an amount of Rs. 21250 for 6 years. At what rate of simple interest will be obtain the total amount of Rs. 26350 at the end of 6 years?

A. 5 p.c.p.a

B. 6 p.c.p.a

C. 8 p.c.p.a

D. 12 p.c.p.a

E. None of these

Answer: Option E

Solution(By Examveda Team)

$$\eqalign{ & {\text{P}} = {\text{Rs}}{\text{.}}\,{\text{21250}} \cr & {\text{S}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{.}}\,\left( {{\text{26350}} - {\text{21250}}} \right) \cr & \,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,5100 \cr & {\text{T}} = {\text{6 years}} \cr & \therefore {\text{Rate}} = \left( {\frac{{100 \times 5100}}{{{\text{21250}} \times {\text{6}}}}} \right)\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 4\% \cr} $$