What is the rate percent when the simple interest on Rs.5000 amount to Rs.2500 in 5 Years? Choose the correct choice:  A) 9 %  B) 8 %  C) 10 %  D) 10.5 %  E) 7.5 %

Rationale: "interest for 1 year = 2500 / 5 = 500 interest on rs 5000 p / a = 500 interest rate = 500 / 5000 * 100 = 10 % answer : c"
Answer: C