What is the value of rate of interest?
A. A sum of Rs. 8000 is invested at simple interest for 3 years in scheme A which offers a certain rate of interest. Amount obtained from scheme A is equal to the amount obtained when Rs 9000 is invested in scheme B for 2 years at C.I.
B. Rate of interest for scheme B is same as rate of interest for scheme A.
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Q:
What is the value of rate of interest?
A. A sum of Rs. 8000 is invested at simple interest for 3 years in scheme A which offers a certain rate of interest. Amount obtained from scheme A is equal to the amount obtained when Rs 9000 is invested in scheme B for 2 years at C.I.
B. Rate of interest for scheme B is same as rate of interest for scheme A.
- 1Afalse
- 2Bfalse
- 3Ctrue
- 4Dfalse
- 5Efalse
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