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NSC certificates, bearing simple rate of interest, were purchased by Mr Deepak Raheja for Rs. 50,000 on 1st Jun 2017 with Rs. 1,00,000 being the maturity value due on 31st May 2021. Find the rate.

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NSC certificates, bearing simple rate of interest, were purchased by Mr Deepak Raheja for Rs. 50,000 on 1<span class='superscript'>st</span> Jun 2017 with Rs. 1,00,000 being the maturity value due on 31<span class='superscript'>st</span> May 2021. Find the rate.






 
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