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An engineer invested Rs. 150,000 in a company. In return, she received Rs. 12,000 per year for 7 years and her Rs.150,000 investment back at the end of the 7 years. Her rate of return on the investment was approximately
8%
8.15%
12%
12.11%
8%
Practice and solve "An engineer invested Rs. 150,000 in a company. In return, she received Rs. 12,000 per year for 7 yea..." for Electrical - Economics for Engineers. The correct answer is Option A: 8%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(a) **