Q191
Suresh lent out a sum of money to Rakesh for 5 years at simple interest. At the end of 5 years. Rakesh paid 9/8 of the sum to Suresh to clear out the amount. Find the rate of simple interest per annum.
A.
3% p.a.
B.
2% p.a.
C.
3.5% p.a.
D.
2.5% p.a.
AnswerAnswer: Option D
Solution
Answer: Option D
Solution: