SSC NTA Delhi University Non-Teaching 2021 Mock Test Quantitative Aptitude Interest Simple Interest

Rs. 25,000 was invested at a particular rate of simple interest for a period of 5 years. If the interest earned at the end of the term was Rs. 7,500, what was the rate of interest per annum?

1
5%
2
6%
3
7.5%
4
10%
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