A man took a loan of Rs 32 400 at a certain rate of simple interest per annum The rate of interest i...........

Quantitative Aptitude (CGL) Simple Interest

A man took a loan of Rs 32,400 at a certain rate of simple interest per annum. The rate of interest is one-fourth of the number of years for which the loan is taken. If the paid Rs 11,664 as interest at the end loan period, the rate of interest was :

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