A man lent money of Rs. 2500 on simple interest for rate on interest being same

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โœช Choose the correct option.

A man lent money of Rs. 2500 on simple interest for rate on interest being same as number of years. If he got Rs. 900 as interest amount at the end of the period then what is the rate of interest?

A. 0.06
B. 0.04
C. 0.05
D. 0.03

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