Professors borrowed Rs. 5000 from the university at simple interest. After 3 years, the university got Rs. 300 on interest. What was the rate of interest per annum?
Correct answer: A
Explanation
(100 * 300 )/(5000*3) = 2%
A
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Source: Algebra word problems from the AQuA-RAT dataset (Ling et al., 2017), published by Google DeepMind under the Apache License 2.0.
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AQuA-RAT items are crowdsourced algebra problems, not ACT questions. They carry five answer choices in the pre-2025 ACT Mathematics style and no ACT reporting category. Useful for drilling Preparing for Higher Math content; not a substitute for a real form.