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Q:

A person deposited ₹400 for 2 years, ₹ 550 for 4 years and ₹ 1,200 for 6 years. He received a total simple interest of 1,020. The rate of interest per annum is

  • 1
    10%
  • 2
    5%
  • 3
    15%
  • 4
    20%
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Answer : 1. "10% "
Explanation :

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