A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?

A sum of Rs. 10 is given as a loan to be returned in 6 monthly inst

1.	A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?
A.	820%
B.	620%
C.	780%
D.	640%
Answer» E.

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A sum of Rs. 10 is given as a loan to be returned in 6 monthly installments at Rs.3. What is the rate of interest?

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