Mathematics · Simple Interest
Sachin borrows Rs. 2,500 for three years and decides to pay back Rs. 1,000 in installments at the end of every year. What is the rate of simple interest paid by Sachin per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 131 3 %
- 2100 9 %✓
- 312.5%
- 420%
Correct answer
100 9 %
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest