engineering recuitment AAI Junior Executive (Common Cadre) Mock Test 2023 Quantitative Aptitude Interest Simple Interest
A sum of Rs. 3000 becomes Rs. 6000 when invested in a scheme of simple interest. If the annual rate of interest and the number of years for which the sum was invested are same, then what is the annual rate of interest?
1
5 percent
2
20 percent
3
10 percent
4
15 percent
5
None of these