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A sum of money amounts to Rs. 9800 after 5...

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A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

  1. 12%
  2. 19%
  3. 22%
  4. none of these
Asked By : SubramanianCategory : Simple Interest
Answer
a. 12%
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