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Mr. Deepak invested an amount of Rs 21,250 for 6 years. At what rate of simple interest will he obtain the total amount of Rs 26,350 at the end of 6 years?(a) 6 % p.a(b) 5 % p.a(c) 8 % p.a(d) 12 % p.a(e) None of these |
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Answer» (e) Rate = (26350 - 21250) x 100 / 21250 x 6 = 510000 / 127500 = 4% |
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