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Start learning 50% faster. Sign in nowAccording to the World Bank, Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October. In October, it had cut India’s GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
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If the ratio of the sum invested and simple interest received after 1 year is 25:6 respectively, then find the rate of interest.
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