state gov BPSC ASO Mock Test Series 2025 Quantitative Aptitude Interest Simple Interest

A sum of ₹16,875 was lent out at simple interest, and at the end of 1 year 8 months, the total amount was ₹18,000. Find the rate of interest per annum.

1
3.7%
2
4%
3
5%
4
6.66%
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