Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs. 4,200 as interest after 6 years. The annual rate of interest was -

Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs

1.	Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs. 4,200 as interest after 6 years. The annual rate of interest was -
A.	\(2\frac{8}{{21}}\)%
B.	\(2\frac{7}{{20}}\)%
C.	\(3\frac{8}{{21}}\)%
D.	\(4\frac{8}{{21}}\)%
Answer» B. \(2\frac{7}{{20}}\)%

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Manoj deposited Rs. 29,400 for 6 years at a simple interest. He got Rs. 4,200 as interest after 6 years. The annual rate of interest was -

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