Quantitative Aptitude Interest Installments

A laptop charger is sold for Rs. 2,540 in cash or for a down payment of Rs. 1,340 in cash together with Rs. 1,205 to be paid after one month. Find the rate of interest charged in the instalment scheme.

1

10% p.a.

2

5% p.a.

3

20% p.a.

4

15% p.a.

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