railway RPF Constable Mock Test Series 2024 Quantitative Aptitude Interest Simple Interest

Sashi took a loan of Rs. 700 on simple interest for as many years as the rate of interest per annum. If he paid Rs. 343 as interest at the end of the loan period, what was the rate of interest?  

1
6%
2
4%
3
10%
4
7%
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