A person gave a loan of ₹ 200 to Mr. X and recovered it at the rate of 35 for eight months, commencing from the end of first month. What is the…
CA Foundation · Quantitative Aptitude · MTP · September 2024
A person gave a loan of ₹ 200 to Mr. X and recovered it at the rate of 35 for eight months, commencing from the end of first month. What is the effective rate of simple interest?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 60%
Topics: Part-A: Business Mathematics
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