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Out of Rs.50,000 , that a man has, he lends Rs.8000 at$5\frac{1}{2}$% per annum simple interest and Rs.24,000 at 6 % per annum simple interest. He lends the remaining money at a certain rate of interest so that he gets total annual interest of Rs.3680. The rate of interest per annum, at which the remaining money is lent, is1). 5%2). 7%3). 10%4). 12% |
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