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Discussion

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

  • A.10%
  • B.12%
  • C.6%
  • D.8%

Answer: B

5000 = 72(100/R)⊃2;

 

5 R⊃2; = 720 => R = 12

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