A cell phone is available for Rs.600 or for Rs.300 cash down payment together with Rs.360 to be paid after two months. Find the rate of interest charg...

Question

A cell phone is available for Rs.600 or for Rs.300 cash down payment together with Rs.360 to be paid after two months. Find the rate of interest charged under this scheme.

Options

A.

60%

B.

20%

C.

120%

D.

50%

interestsimple interestrate calculationtime value of moneyssc 2024

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