A moneylender charged Rs. 120 as simple interest on a sum of Rs. 400 for four months. The rate of interest per annum will be: [CDS 2000]

A moneylender charged Rs. 120 as simple interest on a sum of Rs. 40

1.	A moneylender charged Rs. 120 as simple interest on a sum of Rs. 400 for four months. The rate of interest per annum will be: [CDS 2000]
A.	Rs. 0
B.	Rs. 0.15
C.	Rs. 1.80
D.	Rs. 1
Answer» E.

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A moneylender charged Rs. 120 as simple interest on a sum of Rs. 400 for four months. The rate of interest per annum will be: [CDS 2000]

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