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  1. Manoj deposited ₹29400 for 6 years at a simple interest. He got ₹4200 as interest after 6 years. The annual rate of interest was
    1. 28%
      21
    2. 27%
      20
    3. 38%
      21
    4. 48%
      21
Correct Option: A

Here , Simple Interest ( SI ) = ₹ 4200 , P = ₹ 29400 , T = 6 years , Rate = R%

∴ SI =
P × T × R
100

4200 =
29400 × 6 × R
100

⇒ R =
4200
=
50
= 2
8
%
294 × 62121



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