Answer: B
Principal \((p) = 4000\) rupees
Time \((t) = 4\) years
Total interest amount \((I) = 1600\) rupees
\(\therefore\) Interest rate \((r) = \cfrac{100\times I}{pt}\%\)
\(= \cfrac{100\times 1600}{4000\times 4}\%\)
\(= 10\%\)
Principal \((p) = 4000\) rupees
Time \((t) = 4\) years
Total interest amount \((I) = 1600\) rupees
\(\therefore\) Interest rate \((r) = \cfrac{100\times I}{pt}\%\)
\(= \cfrac{100\times 1600}{4000\times 4}\%\)
\(= 10\%\)