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Q:

On a certain principal if the simple interest for two years is Rs. 1400 and compound interest for the two years is Rs. 1449, what is the rate of interest? 

  • 1
    3.5 %
  • 2
    14 %
  • 3
    7 %
  • 4
    21 %
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Answer : 3. "7 % "

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