Q. Rohit borrowed ₹6000 for 5 years and paid ₹2400 as simple interest. Find the rate.
✅ Correct Answer: (C)
8%
Explanation: SI = (6000 × R × 5) / 100 → 2400 = 300R → R = 8%.
Explanation by: Mr. Dubey
SI = (6000 × R × 5) / 100 → 2400 = 300R → R = 8%.