The interest earned on ₹25000 in 5 years at simple interest is ₹1500. What is the rate of interest?

1.1% 1.2% 1.4% 1.6%

1.2%

Simple interest = \(\frac{PRT}{100}\) $1500=\frac{25000×R×5}{100}$ $R = 1.2\%$