A mobile is sold for Rs. 15000 in cash. There is an installment plan under which customer had to make a down payment of Rs. 7800 and an installment of Rs. 7500 after a month. Find the rate of interest for the installment plan.
1
50%
2
40%
3
4%
4
5%
A mobile is sold for Rs. 15000 in cash. There is an installment plan under which customer had to make a down payment of Rs. 7800 and an installment of Rs. 7500 after a month. Find the rate of interest for the installment plan.