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Q:

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is 

  • 1
    $$ 5{1\over2}$$
  • 2
    8%
  • 3
    7%
  • 4
    6%
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Answer : 3. "7% "

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