engineering recuitment HPCL Junior Executive 2025 Mock Test Quantitative Aptitude Interest Simple Interest
Suresh lent out a sum of money to Rakesh for 5 years at simple interest. At the end of 5 years, Rakesh paid 9/8 of the sum to suresh to clear out the amount. Find the rate of simple interest per annum.
1
3.5% p. a.
2
2.5% p. a.
3
3% p. a.
4
2% p. a.