Mathematics · Simple Interest
Rakesh lent a certain amount to Samarth for 6 years at a simple interest rate. At the end of the 6th year, Samarth paid 87 of the principal amount to Rakesh to clear the debt. The rate of simple interest per annum was:
- 12821%✓
- 22112%
- 32320%
- 42721%
Correct answer
2821%
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