[SSC 2006] A person lends out ₹ 9000 on the condition that the loan is payable in 10 months by 10

Simple Intereset and EMI (quant aptitude) - A person lends out ₹ 9000 on the condition that the loan is payable in 10 months by 10 equal monthly instalments of ₹ 1000 each. Find the rate of simple interest charged.

This question was asked in 2006 SSC (Staff Selection Commission) conducted by Government of India.

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