This question was previously asked in

DSSSB PGT English Female General Section - 30 June 2021 Shift 2

- 10%
- 9%
- 12%
- 11%

Option 4 : 11%

**Given:**

The loan amount is 15000

The rate and time is equal to each other

**Concept:**

Simple interest = (Principle × Rate × Time)/100

**Calculation:**

Let be assume the rate and time is K

⇒ 18150 = (15000 × K × K)/100

⇒ K^{2} = (18150 × 100)/15000

⇒ K^{2} = 121

⇒ K = 11

**∴ The required result will be 11%.**

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