Question

A sum of ₹7,500 amounts to ₹11,700 in 8 years at a certain rate of simple interest. Find the rate of interest per annum.

A 7%
B 7.5%
C 8%
D 6%
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)