# QA – Placement Quizzes | Simple Interest | Question 8

At what rate of SI, a sum of Rs.7000 amounts to Rs.7700 in 2 years?**(A)** 5.5%**(B)** 6.5%**(C)** 6%**(D)** 5%**Answer:** **(D)****Explanation:** SI= 7700-7000 = 700

700 = 7000*R*2/100

R = 70000/14000 = 5%

Quiz of this Question

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