engineering recuitment DRDO CEPTAM STA B Tier I (Sr. Technical Assistant) Mock Test 2022 Quantitative Aptitude Interest Simple Interest
The amount payable on maturity after \(5\frac{1}{2}\) years on a sum of Rs. 4,750, when invested at a certain rate per cent of simple interest per annum, was Rs. 6,840. What was the per annum per cent rate of simple interest paid?
1
9%
2
8.5%
3
8%
4
7.5%