Teaching Bihar Sakshamta Pariksha (Niyojit Shikshak) Mock Test 2024 Quantitative Aptitude Interest

If the rate of interest is 20% per annum and the amount of Rs. 15,000 is given at half-yearly compound interest, what will be the equivalent rate of simple interest for 1 year?

1

21%

2

23%

3

20.4%

4

20.6%

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