regulatoryBody RBI Assistant Prelims and Mains Mock Test 2023 Quantitative Aptitude Interest Simple Interest
Anuj invests Rs. 6000 as fixed deposit at a bank at the rate of 20% per annum simple interest. But due to some pressing needs, he has to withdraw the entire money after 4 yr for which the bank allowed him a lower rate of interest. If he gets ₹ 3560 less than, what he would have got at the end of 6 year then find the rate of interest allowed by the bank.
1
11.1%
2
8.2%
3
12.5%
4
10.5%
5
15.1%