Teaching Bihar STET Paper 1 (माध्यमिक) Mock Test 2024 Quantitative Aptitude Interest Simple Interest
A money lender claims to lend money at the rate of 10% per annum simple interest. However, he takes the interest in advance when he lends a sum for one year. At what interest rate does he lend the money actually?
1
11.11%
2
21.11%
3
10.15%
4
15.12%