railway RPF Constable Mock Test Series 2024 Quantitative Aptitude Interest Simple Interest

Vimala took a loan of Rs. 7,200 on simple interest for as many years as the rate of interest. If she paid Rs. 5,832 as interest at the end of the loan period, then the rate of interest is:

1
8.5%
2
9%
3
12%
4
8%
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