railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Simple Interest
Amit borrowed ₹8000 from a moneylender with Simple interest for as many years as the rate of interest. If he paid ₹2000 as interest at the end of loan period, what was the rate of interest?
1
5%
2
7%
3
6%
4
8%