state gov UKPSC Police SI Mock Test 2024 Quantitative Aptitude Interest Simple Interest

Sudhir took a loan of ₹15,000 on simple interest for as many years as the rate of interest. If he paid ₹7,350 as interest at the end of the loan period, then what was the rate of interest per annum?

1
15%
2
49%
3
10%
4
7%
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