Question (63/66)
Russel took a loan of USD 1200 with simple interest for as many years as the rate of interest. If he paid USD 432 as interest at the end of loan period, what was the rate of interest ?(A) 3.8 %
(B) 4.5 %
(C) 6.0 %
(D) 7.5 %
Question (64/66)
A sum of INR 12,500 amounts to INR 15,500 in 4 years at a rate of simple interest. What is rate of interest ?(A) 3 %
(B) 4 %
(C) 5 %
(D) 6 %