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A person has taken a loan of Rs. 40,000 for 3 months from a lender who has deducted Rs.2,000 as interest at the time of lending. Then the effective…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

A person has taken a loan of Rs. 40,000 for 3 months from a lender who has deducted Rs.2,000 as interest at the time of lending. Then the effective rate of interest charged per annum by lender is (given:(1.0526)4=1.2275):(1.0526)^4 = 1.2275):(1.0526)4=1.2275):

Official previous-year question

Held on 19 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    10.50%

  2. B

    21%

  3. C

    22.75%

  4. D

    16.75%

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