Teaching Rajasthan 3rd Grade REET Mains (Level I & II) Mock Test Quantitative Aptitude Interest Simple Interest
For a loan of Rs. 20,000 total amount to be paid to clear off the loan was Rs. 24,000, at the rate of simple interest of 8%. Calculate the period for which interest was paid.
1
15 months
2
One year 6 months
3
two year
4
2 years 6 months