It is decided that a loan of 10,000 will be paid off at the rate of 800 per month in 15 equal instalments. Find out the rate of return on investment.

It is decided that a loan of 10,000 will be paid off at the rate of

1.	It is decided that a loan of 10,000 will be paid off at the rate of 800 per month in 15 equal instalments. Find out the rate of return on investment.
A.	17% P.a.
B.	18% P.a.
C.	15% P.a.
D.	16% P.a.
Answer» E.

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It is decided that a loan of 10,000 will be paid off at the rate of 800 per month in 15 equal instalments. Find out the rate of return on investment.

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