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Interest Questions

  • Numerical Ability - Interest
Question

Ankita borrows ` 7000 at simple Interest from a lender. At the end of 3 years, she again borrows ` 3000 and settled that amount after paying ` 4615 as interest after 8 years from the time she made the first borrowing. What is the rate of interest?

  • A) 5.5%
  • B) 9.5%
  • C) 7.5%
  • D) 6.5%
  • E) None of the Above
Solution
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