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

A bank provides a loan at the rate of 5% per annum to a trader on an amount of Rs.12,50,000 for 5 years. The simple interest to be paid is:

1
Rs.2,25,400
2
Rs.3,12,500
3
Rs.2,40,600
4
Rs.4,20,250
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