If the simple interest on ₹4,000 for 3 years is ₹960, what will be the annual rate of interest?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 7%
2. (B) 9%
3. (C) 6%
4. (D) 8%

Verified Answer

Option (D): 8%

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