Question

Rakesh rented out an amount to Samarth for 6 years at simple interest rate. At the end of the 6th year, Samarth paid 8/7 of the amount to Rakesh to clear out the amount. The rate of simple interest per annum was :

• A. 2 7/21 %
• B. 2 3/20 %
• C. 2 1/12%
• D. 2 8/21%

Answer 1

Answer:

D. 2 8/21%

.