Rakesh invests Rs 12000 as fixed deposit at a bank at the rate of 10 per annum SI But due to some pr...........

Quantitative Aptitude ( CCS) Simple Interest

Rakesh invests Rs 12000 as fixed deposit at a bank at the rate of 10% per annum SI. But due to some pressing needs he has to withdraw the entire money after 3 years, for which the bank allowed him a lower rate of interest. If he gets Rs 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is

68/9%

64/9%

67/9%

61/9%

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