The annual installments of Rs. 600 will discharge a loan of Rs. 3540, due after 5 years. Find the rate of interest per anum.

The annual installments of Rs. 600 will discharge a loan of Rs. 3540,

1.	The annual installments of Rs. 600 will discharge a loan of Rs. 3540, due after 5 years. Find the rate of interest per anum.
A.	0.06
B.	0.07
C.	8%
D.	9%
E.	None of these
Answer» E. None of these

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The annual installments of Rs. 600 will discharge a loan of Rs. 3540, due after 5 years. Find the rate of interest per anum.

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