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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.

  • 1
    A
  • 2
    B
  • 3
    C
  • 4
    D
  • 5
    E
  • Show Answer
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Answer : 3. "C"

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