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RRB Junior Engineer / DMS / CMA 2019 · Question 3370 of 3719

A loan of Rs.2400 is cleared with an amount of Rs.3264 at the end of the loan period, the period in years and rate of interest being numerically equal. What is the rate of Simple Interest?

  1. A5%
  2. B18%
  3. C6%Correct
  4. D10%

Answer: C. 6%

Official answer key verified. Detailed explanation coming soon.

Source: RRB JE 2019 CBT-1 (27-May-2019 Shift 3) — official response-sheet export via freshersnow (answer key) · reliable-secondary

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