Question

Anandi bought a smart watch from an electronic store for Rs.4,400. Since she had less money, she paid Rs.2,000 for down payment and the shopkeeper offered her an alternative to pay Rs.2,440 after 1 month. Find the rate of interest being charged at simple interest by the shopkeeper in this installment option?

A 20%
B 10%
C 22%
D 15%
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