A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged

A man buys a television under a finance scheme. He makes an initial pa

1.	A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged
A.	10%
B.	12.5%
C.	15%
D.	20%
Answer» B. 12.5%

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A man buys a television under a finance scheme. He makes an initial payment of Rs 10,000/- and then next month onwards pays Rs 1300/- per month for 36 months to clear the debt. Find the rate of simple interest he is charged

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