A person has to return Rs. 3,540 for taking Rs. 3,000 for 3 years, Rs. 6,720 for taking Rs. 6,000 for 2 years and Rs. 6,500 for taking Rs. 5,000 for 5 years, then which type of interest he is being charged ?
- AOption (a)
Simple interest
- BOption (b)
Compound interest
- COption (c)
Mixed interest
- DOption (d)
None of these
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Correct answer
Simple interest
