Teaching NVS Junior Secretariat Assistant (JSA) Mock Test 2024 Quantitative Aptitude Interest Simple Interest
A sum of ₹4,500, when invested for 12 years at a certain rate of simple interest per annum, yields an interest of ₹3,240 on maturity. Find the rate of simple interest per annum.
1
0.05
2
0.0625
3
0.055
4
0.06