X took a loan of Rs. 5000 on simple interest, the rate of interest is – McqOptions

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1.	X took a loan of Rs. 5000 on simple interest, the rate of interest is the same as the number of years for which the loan was taken. If the interest paid was Rs. 1800, then what was the rate of interest?
A.	6.5%
B.	6%
C.	5%
D.	5.5%
Answer» C. 5%

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