state gov Kolkata Police Constable Mock Test 2024 Quantitative Aptitude Interest Simple Interest

A certain principal amounts to Rs. 500 in 3 years and Rs. 540 in 5 years. Find the rate of interest per annum. 

1
\( \frac{52}{11} \% \)
2
\( \frac{50}{11} \% \)
3
\(\frac{56}{11} \% \)
4
\( \frac{54}{11} \%\)
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