Yogesh took a loan of Rs.12000 for 5 yr on simple interest. After 5 yr he paid Rs.3600 as interest. What is the rate o

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Q 2203445348.     Yogesh took a loan of Rs.12000 for 5 yr on simple interest.
After 5 yr he paid Rs.3600 as interest. What is the rate of
interest per annum?
IBPS-CLERK 2017 Mock Prelims
A

4

B

8

C

10

D

6

E

None of these

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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