The interest on a sum at a certain rate of interest compounded yearly for two years is Rs. 5,500. If the simple interest on the same sum, at the same rate of interest for 4 years is Rs. 10,000 then the rate of interest is
- AOption (a)
20%
- BOption (b)
25%
- COption (c)
10%
- DOption (d)
15%
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Correct answer
20%