The total investment in a project is Rs. 10 lakhs an... - Solved MCQs & Answer

2892Chemical EngineeringMedium

The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is________?

A10%

B15%

C1.5%

D150%

Correct answer

C. 1.5%

Explanation

The correct answer is 1.5%.

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