The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 l

Question

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

Options:

A . 15%

B . 10%

C . 1.5%

D . 150%

Answer: Option C

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