If a sum of Rs. 9,00,000 is lent to be paid back in 10 equal monthly instalments of Re. 1,00,000 each, then the rate of interest is?

🎲 Try a Random Question  |  Total Questions in Quiz: 14  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Simple & Compound Interest — practice the complete quiz, review flashcards, or try a random question.


If a sum of Rs. 9,00,000 is lent to be paid back in 10 equal monthly instalments of Re. 1,00,000 each, then the rate of interest is?