Teaching Bihar STET Paper 1 (माध्यमिक) Mock Test 2024 Quantitative Aptitude Interest Simple Interest
A person invests Rs. 30000 as a fixed deposit at a bank @ of 10% p.a. S.I. But due to some problem, he has to withdraw the entire money after 3 yrs for which the bank allowed him a lower rate of interest. If he gets Rs. 7800 less than what he would have got at the end of 5 yrs; Find R.O.I allowed by bank?
1
2%
2
5%
3
4%
4
8%