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Mr. X borrowed an amount of ₹50,000 for 40 months. If he repaid ₹1,625 as monthly installment, then find the simple rate of interest.
7.5%
9%
8%
6.8% Question ID : 4410091257314 Option 1 ID : 4410094962106 Option 2 ID : 4410094962107 Option 3 ID : 4410094962108 Option 4 ID : 4410094962109 Status : Not Attempted and Marked For Review Chosen Option : --
9%
Practice and solve "Mr. X borrowed an amount of ₹50,000 for 40 months. If he repaid ₹1,625 as monthly installment, then ..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 9%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Mr. X borrowed an amount of ₹50,000 for 40 months. If he repaid ₹1,625 as monthly installment, then ..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 9%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.