CUET General Test - A bank lends money at 12% per annum on simple interest. A customer borrows ₹ 50,000 for 9 months and repays after receiving a 5% rebate on total interest amount. What effective annual interest rate did he pay? | PYQs + Solutions

CUET General Test 2026 21st May Shift 2

Arithmetic

Medium

10.2%

10.5%

11.1%

11.4 %

✅ Correct Option: 4

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CUET General Test 2026 21st May Shift 2 PYQs

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