Question

Ramesh borrowed ā‚¹15,000 at a certain rate of simple

interest from a bank. He repaid (the principal but not interest) ā‚¹6,000 after 5 years, and after 5 more years he paid ā‚¹18,600 and settled his account. Find the rate of simple interest per annum.

A 12%

B 10%

C 8%

D 6%

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Question

Ramesh borrowed ā‚¹15,000 at a certain rate of simple

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