Q. Rohit borrowed ₹6000 for 5 years and paid ₹2400 as simple interest. Find the rate.

  • (A) 6%
  • (B) 7%
  • (C) 8%
  • (D) 9%
✅ 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%.

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