\(\frac{1}{2}\)%
2\(\frac{1}{2}\)%
1.5%
25%
Correct answer is C
Interest I = \(\frac{PRT}{100}\) ∴ R = \(\frac{100 \times 1}{100 \times 5}\) = \(\frac{100 \times 7.50}{500 \times 5}\) = \(\frac{750}{500}\) = \(\frac{3}{2}\) = 1.5%
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