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Discussion

The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?

  • A.4%
  • B.5%
  • C.6%
  • D.8%

Answer: B

SI = 20 + 20

CI = 20 + 21

20 ---- 1

100 ---- ? => 5%

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