Question

Vinu gave a loan of Rs. 200 to Harish and recovered it at the rate of Rs. 14 per month for

twenty months. The rate of simple interest charged is:
A) 26%
B)24%
C)16%
D)12%​

Answer 1

Step-by-step explanation:

Vinu gave a loan of Rs. 200 to Harish and recovered it at the rate of Rs. 14 per month for

twenty months. The rate of simple interest charged is:

A) 26%

B)24%

C)16% ✔

D)12%