SSC Delhi Forest Guard 2020 Mock Test Quantitative Aptitude Interest Simple Interest

X took a loan of Rs 16000 with simple interest for as many years as the rate of interest. If he paid Rs 4840 as interest at the end of the period, what was the rate of the interest?

1
5.5 percent
2
6.0 percent
3
5.0 percent
4
6.5 percent
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