SSC Delhi Police Constable 2025 Mock Test Series (New) Quantitative Aptitude Interest Installments

Sachin borrows Rs 2,500 for three years and decides to pay back Rs 1,000 in installments every year. The rate of simple interest paid by Sachin per annum is 

1
20%
2
12.5%
3
\(​\frac{100}{9}\)%
4
\(​\frac{31}{3}\)%
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