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A certain sum of money amounts to Rs. 678 in 2 years and to Rs. 736.50 in `3 1/2` years. The rate of interests is: |
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Answer» `A=P(1+(RT)/100)` `678=P(1+(R*2)/100)-(1)` `736.5=P(1+(R*(7/2))/100)-(2)` dividing equation 1 and 2 `678/736.5=(1+(2R)/100)/(1+(R)/100)` solving this R=6.5% option B is correct. |
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