railway RRB Technician Grade 3 Mock Test 2024 Quantitative Aptitude Interest Simple Interest

Simple interest on a certain sum is \(\frac{{54}}{{75}}\) of the sum. What is the rate of interest per annum if the value of the rate of interest per annum is half the time period (in years) of investment?

1
6.5%
2
6%
3
7.5%
4
7%
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