# Arithmetic Aptitude :: Simple Interest

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## 4. A sum of Rs 468.75 was lent out at simple interest and at the end of 1 year and 8 months, the total amount of Rs 500 is received. find the rate of interest.

**Answer:**

**Option A**

**Explanation :**

Given principle P=468.75, Rate of Intreset = R%

Total Amount received = Rs 500

=> Total Amount received = Simple Intrest + Principle.

=> 500 = [468.75*(20/12)*R]/100 + 468.75

=> 31.25=156.25*5R/100

=> R=4%

**Asked In :: **
Capgemini

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